Rates On 30-Year Mortgages Hold Steady
POSTED: 2:20 pm EDT September 8, 2005
UPDATED: 2:39 pm EDT September 8, 2005
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WASHINGTON -- A three-week slide in rates for 30-year mortgages has come to a stop. Mortgage giant Freddie Mac said Thursday that the nationwide average for those fixed-rate mortgages remained at 5.71 percent this week, the same as last week, but still slightly below the average rate a year ago.A competing survey from bankrate.com found that the average 30-year fixed-rate mortgage remained at 5.8 percent Other types of mortgages dipped lower on expectations of slower economic growth in coming months.Rates on 15-year fixed-rate mortgages averaged 5.30 percent this week, down from 5.32 percent last week. The shorter-term mortgages are a popular refinancing choice. Freddie Mac said one-year adjustable-rate mortgages also edged down slightly, to 4.45 percent from 4.48 percent last week. The nationwide averages for mortgage rates do not include add-on fees known as points.
Previous Stories:
- August 25, 2005: Mortgage Rates Fall Again
- August 18, 2005: Mortgage Rates Ease Slightly
- August 11, 2005: Mortgage Rates Close In On 6 Percent
- July 28, 2005: Mortgage Rates Rise For Fourth Straight Week
- June 23, 2005: Mortgage Rates Keep Sliding
- June 2, 2005: Mortgage Rates Drop Again
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