30- and 15-Year Rates Move Down — New York Real Estate

30- and 15-Year Rates Move Down

by John Tayeb on June 13, 2010

Home-mortgage rates

Home-mortgage rates fell this week along with bond yields, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 4.72 percent, down from 4.79 percent a week ago; while rates on 15-year fixed-rate mortgages fell to another record low of 4.17 percent from 4.2 percent.

Also, the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.92 percent, down from 3.94 percent last week. Finally, one-year Treasury-indexed ARMs fell to a new six-year-low of 3.91 percent, compared with 3.95 percent a week ago.

Source: Wall Street Journal, Nathan Becker (06/11/10)

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

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