30-Year Mortgage Rate Dips Slightly — New York Real Estate

30-Year Mortgage Rate Dips Slightly

by Raja Tayeb on January 19, 2010

Long-term mortgage interest fell for the second-straight week as the 30-year fixed rate settled at an average of 5.06 percent compared to 5.09 percent a week ago, according to Freddie Mac.

Other rates decreased as well:  Fifteen-year fixed loans dipped from 4.50 to 4.45 percent, and five-year ARMs sank from 4.44 percent to 4.32 percent.  However, rates for one-year ARMs rose to 4.39 percent from 4.31 percent

Source: Chicago Sun-Times (01/15/2010)

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