Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
30- 15-year mortgage rates hold steady for second week
WASHINGTON (10/31/11)--Average rates on 30- and 15-year fixed rate mortgages again held steady for the second week straight, Freddie Mac reported.

Thirty-year mortgages averaged 4.1% during the week ended Oct. 27, and 4.11% during the week ended Oct. 20, and 4.23% this time last year. Fifteen-year mortgages remained at 3.38% for the second straight week. Those types of mortgages averaged 3.66% this time last year.

Thirty- and fifteen-year mortgages reached record lows of 3.94 % and 3.26%, respectively, in the first week of this month, and rates have not increased significantly at any point during the month.

Freddie Mac Chief Economist Frank Nothaft said the fixed mortgage rates followed other long-term interest rates that also remained stable. Housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels, he added.

Five-year Treasury indexed hybrid adjustable-rate mortgages (ARMs) rose last week, averaging 3.08%. The prior week's average was 3.01%. However, one-year Treasury-indexed ARMs decreased slightly last week, averaging 2.9%. Those ARMs averaged 2.94% during the previous week.

For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
Another state will probe the Experian data breach; learn more in tomorrow's edition of #NewsNow #CUNA #creditunions
17 hours ago
Canada's @Vancity to support phase 3 of @WOCCU's Build the Brand http://t.co/6IMSvA8LMZ
17 hours ago
Yesterday, #creditunions across the country encouraged members to #gogreen on #EarthDay http://t.co/boBamaLJoh #greenliving
20 hours ago
As ticket prices for sporting events soar, #creditunions are pitching in to drive down costs for members http://t.co/EgrrtkVlgt
22 hours ago
Shodair Children's Hospital in MT receives #NCUF @BizKidsTV, thanks to @mtcus4you http://t.co/oxGAbqpU5h
22 hours ago