Scott Chappell and Brian Bean
Friday, May 15, 2009
Rates Below 5% for Ninth Week Straight
Daily Real Estate NewsFreddie Mac reports a slight rise this week in the 30-year fixed mortgage rate to 4.86 percent from 4.84 percent in the previous week.Rates have been below 5 percent for nine weeks in a row. Last year at this time, the average 30-year rate was 6.01 percent.The 15-year fixed mortgage rate climbed to 4.52 percent from 4.51 percent. Meanwhile, the five-year adjustable mortgage rate slipped to 4.82 percent from 4.9 percent; and the one-year ARM fell to 4.71 percent from 4.78 percent. Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country.Source: Freddie Mac
Scott Chappell and Brian Bean
Real Estate Brokers
http://www.scott-brian.com/
http://www.orangecrestriversidehomes.com/
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