Mortgage Rates Fall

Yvette Bossette — Mon, 19 Apr 2010 07:43:00 GMT

Mortgage Rates Fall
The first decline in five weeks drove mortgage interest back down to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a week ago.

Freddie Mac also reports:

• The 15-year fixed rate averaged 4.40 percent, down from 4.52 percent.
• The one-year adjustable-rate mortgages averaged 4.13 percent, down from 4.14 percent.
• Interest on the five-year ARM came in at an average of 4.08 percent compared to 4.25 percent last week.

Source: Reuters, Julie Haviv (04/16/10)

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YVETTE BOSSETTE

Mortgage Rates Fall