My financial work slides » Mortgage rate http://workslides.com Article stock about finance, investments, and mortgage Wed, 24 Mar 2010 12:57:53 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Average 30-year Mortgage rate falls under 5% http://workslides.com/2010/02/average-30-year-mortgage-rate-falls-under-5/ http://workslides.com/2010/02/average-30-year-mortgage-rate-falls-under-5/#comments Thu, 11 Feb 2010 20:32:55 +0000 admin http://workslides.com/?p=22 Freddie Mac consider Thursday the 30-year fixed-rate mortgage average fell from the previous week to 4.97% with an personal 0.7 words for the week ending Feb. 11. In the previous period, the average was 5.01%, and the year-ago sense was 5.16%. "Interest subspecies on 30-year fixed-rate mortgages are less significant 5% for a third hebdomad that tally, which helps a dimension of homeowners to refinance their existent breathing debt.

In mid-June of last year, for example, 30-year fixed-mortgage rates topped draw to a close 5.6%. Presently, the monthly payments would be almost $77 per month pull out on a $200,000 loan balance," said Set free Nothaft, Freddie Mac chief economist, in a statement. Nothaft also details that two out of triplet mortgage applications in the elucidation six weeks of this year were to refinance loans.

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