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
Composite 30-year mortgage rates rise in February
WASHINGTON (3/30/11)--The national average interest rate for 30-year fixed-rate mortgages increased to 4.97% in February, a 12 basis point increase over the previous month’s total, the Federal Housing Finance Agency (FHFA) reported on Tuesday. The FHFA reported that the contract rate on the composite of all fixed- and adjustable-rate mortgages was 4.80% percent in February, up 10 basis points from 4.70 percent in January. The FHFA did not include separate information on adjustable rate mortgages. Mortgage totals average $216,900 during February, a $14,500 increase from January’s total of $202,400. One-time fees and other mortgage origination charges accounted for an average of 0.8% of the balance of all mortgage loans, and the average term of these mortgages was 27.2 years. The average loan-to-price ratio was 74.7%, the FHFA added. The FHFA rate survey reflects loans that closed between Feb. 22 and Feb. 28.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
7 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago