Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
30- 15-year rates continue to set yearly lows
WASHINGTON (6/3/11)--Thirty- and 15-year fixed-rate mortgages slid even further during the week ended June 2, again setting new yearly low points, with 30-year loans averaging 4.55% and 15-year loans averaging 3.74%. The previous lows for this year were set last week. Freddie Mac Vice President/Chief Economist Frank Nothaft said that the fixed mortgage rate reductions related to lower weekly U.S. Treasury yields, which dropped “amid financial market concerns that the current lull in the economy is continuing.” The housing market also remains slow, he added. Five-year adjustable rate mortgages (ARM) held steady during the week, again averaging 3.41%. One-year ARMs increased slightly, totaling 3.13%. Five-year ARMs averaged 3.94% this time last year, while one-year ARMs averaged 3.95%.
Other Resources

RSS print
News Now LiveWire
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
1 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
2 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
2 hours ago
New video from @mncreditunions Minnesotans share why they love their #creditunions http://t.co/ywfHfVcqm4
2 hours ago
.@BankOnMo hits the gas with social contest at Mo. #creditunions https://t.co/dxfkgq5xDv
3 hours ago