Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Mortgage rates drop to record lows
WASHINGTON (11/15/10)--The average rate on both 30-year and 15-year fixed-rate mortgages fell to all-time record lows last week. As reported in Freddie Mac’s most recent mortgage rate survey, 30-year mortgages averaged 4.17% and 15-year mortgages averaged 3.57%, with both fixed rate loans falling more than five basis points below their previous weekly averages. Fixed rate 30- and 15-year mortgages averaged 4.91% and 4.36% this time last year, respectively. Both five-year and one-year adjustable rate mortgages were low, with average rates of 3.25% and 4.46% reported. “Despite historically low mortgage rates, however, the housing recovery continues to be slow owing in part to household job uncertainty and tight credit conditions,” Freddie Mac Vice President/Chief Economist Frank Nothaft said. For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
20 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
22 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
22 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
23 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
23 hours ago