Tidewater Real Estate Blog

May 7th, 2010 2:22 PM
Mortgage Rates Hit 6-Week Low
Freddie Mac reports that the average interest for 30-year fixed mortgages was 5 percent this week, down from last week's 5.06 percent.

Meanwhile, 15-year fixed loans averaged 4.36 percent versus 4.39 percent over that same time span. Rates on five-year, adjustable-rate mortgages and on one-year ARMs also were down, averaging 3.97 percent and 4.07 percent, respectively.

Source: Modesto (Calif.) Bee (05/07/10
Posted by Brad Nichols on May 7th, 2010 2:22 PMPost a Comment (0)

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