Archive for March, 2010

30-year fixed-rate mortgage remains at 4.96%

Freddie Mac on Thursday states the mortgage rate average for a 30-year fixed-rate remains the same at 4.96%. The increase was from 4.95% compared to last period. Frank Nothaft, Freddie Mac chief economist stated, “Mortgage rates for fixed-rate mortgages were virtually unchanged this week as the effects of storms emerged in recent housing data. New construction slowed by 5.9% in February to 575,000 homes.”

Bankrate: Mortgage Rates Dip Down

Bankrate Press Release:

SOURCE Bankrate, Inc.

NEW YORK, March 4 /PRNewswire-FirstCall/ — Mortgage rates moved lower this week, with the average conforming 30-year fixed mortgage dipping to 5.12 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. Read the rest of this entry »