Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
30- 15-year mortgages up for second straight week
WASHINGTON (12/21/09)--Freddie Mac this week reported an average 30-year mortgage rate of 4.94%, slightly up from the 4.81% average recorded last week. Thirty-year mortgages averaged 5.19% during the same week of 2008. Fifteen year fixed rates averaged 4.38% during the week ended Dec. 17, a .06% increase from the 4.32% rate reported last week and a .54% decrease from the 4.92% rate reported during the same week of 2008. “Interest rates on 30-year fixed-rate mortgages have remained below 5% over the past seven weeks and are contributing to a wave of refinance activity,” and “mortgage rates followed bond yields higher once again this week amid signs of an improving economy,” Frank Nothaft, Freddie Mac vice president and chief economist, said. Five-year and one-year Treasury-indexed hybrid adjustable-rate mortgages averaged 4.37% and 4.34%, respectively, during the week. Both rates represent slight increases from the numbers reported during the previous week, and significant decreases from the rates reported during the corresponding period of 2008.


RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
12 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
12 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
14 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
16 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
17 hours ago