30-Year Rates Lowest Since 2005!
Posted Jan 21, 2008 @ 8:17 pm, Viewed by 192 Visitors, Read 195 Times.
30-Year Rates Lowest Since 2005! Long-term mortgage rates remain in a downward pattern, registering the third week in a row of declining interest. According to Freddie Mac's numbers, average interest on 30-year fixed loans settled the week at 5.69 percent - the lowest level since July 2005. Rates for 15-year fixed mortgages slipped to 5.21 percent from 5.43 percent a week ago; while the five-year adjustable-rate average retreated to 5.4 percent from 5.63 percent, and interest on one-year ARMs dropped to 5.26 percent from 5.37 percent. Observers generally agree that borrowing costs will remain at or near 6 percent for 2008 unless a U.S. recession surfaces - in which case they expect rates to decline further.
[SOURCES: Information, Inc.: Freddie Mac]
This Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
0
Total Users:
2,392
Entries:
7,612
Unique Views:
6,467,985
Total Views:
6,806,752
Total Comments:
9,393
Total REW Points:
510
Ed Pierce: Full time Realtor and Default Services Manager for six affiliate offices in the Greater Memphis area. Real estate is more than a business, it is a hobby and passion for me. Read More
- This User's Stats
-
Blog Entries: 64Average Blog Rating: 7Unique Views: 46,497Total Views: 47,172Comments Posted: 65Comments Received: 53REW Points: 0
Rate this Post!
Share this Post
Print
Social Bookmarking
Contact Me
RSS Feed
Top Rated
REW Blogs RSS Feed