30-Year Rate Just Over 5 Percent — #Newyork #Realestate #finance

30-Year Rate Just Over 5 Percent

by Raja Tayeb on April 24, 2010

mortgage rates

The 30-year fixed mortgage rate stayed flat this week, averaging 5.07 percent to remain near historically low levels, reported Freddie Mac.

Here’s how other rates performed:

15-year fixed loans fell to 4.39 percent from 4.4 percent last week.

Five-year hybrid adjustable-rate mortgage averaged 4.03 percent, down from 4.08 percent.

One-year ARMs rose to 4.22 percent from 4.13 percent last week.


Source: Wall Street Journal, Nathan Becker (04/23/10)

Posted via web from New York Real Estate Access…A Real Estate Blog

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