Tidewater Real Estate Blog

October 15th, 2010 10:56 PM
30-Year Mortgage Rates Plumb New Depths
Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent.

At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent.

Posted by Brad Nichols on October 15th, 2010 10:56 PMPost a Comment (0)

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