Sunday, January 18, 2009

30 Year Rates Continue to Dip Below 5%

Freddie Mac's latest surveys are showing the 30-year fixed-rate mortgage averaged 4.89 % with an average 0.7 point drop for the week ending January 15. Last year at this time, the 30-year FRM averaged 5.69 percent. The 30-year FRM has not been lower since Freddie Mac started the survey in 1971. 15 year morgages can now be had for 4.6%

1 comment:

  1. Anonymous9:51 PM

    Interest rates at its lowest price ever, lumber at an 18 year low, and house price dropped to it's lowest ever. Are we going to wait until we realize we passed the moment only to find our governemnt did not do enough to get the banks lending money? It's time our new President asked for accountability, and make the hard decissions he didn't make in the senate. I don't want to hear him say "present" when I want problems solved, and honestly as a frustrated American that no doubt speaks for me, we want these problems solved now...