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
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
5 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 hour ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 hour ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
3 hours ago