Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
30- 15-year mortgage rates continue slow climb
WASHINGTON (12/5/10)--The average rate on both 30-year and 15-year fixed-rate mortgages rose again last week, continuing a gradual rise from record lows that began in mid-November. As reported in Freddie Mac's most recent mortgage rate survey, the rate on 30-year mortgages averaged 4.46% and 15-year mortgages averaged 3.81%. Those mortgage rates averaged 4.40% and 3.71% last week, respectively. Both five-year and one-year adjustable rate mortgages remained low, but increased, with average rates of 3.49% and 3.25% reported. While the mortgage rates remained low, Freddie Mac Vice President/Chief Economist Frank Nothaft noted that house price indices are “trending downwards." For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
14 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
16 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
16 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
18 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
18 hours ago