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Office Location 77 Pond Avenue,
Brookline, MA
Phone: (617) 232-4186
Fax: (617) 232-7954

Tagged : mortgage rates

There are currently 1 blog entries matching this tag.

30-Year Fixed Rate Below 5%

Friday, October 2nd, 2009 at 9:18am. 260 Views, 0 Comments.

Rates on 30-year fixed-rate mortgages for borrowers with good credit fell below 5 percent this week for the first time since May, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.                                                                                                                                                      The 30-year fixed-rate mortgage averaged 4.94 percent with an average 0.7 point. Last week the rate was 5.04 percent and 6.1 percent a year ago, Freddie Mac said. The 30-year fixed-rate last dipped below 5 percent during the week ending May 28, when it averaged 4.91 percent.

The 30-year fixed hit a record low in the records that date back to 1971, when it was 4.78 in April. This
was caused by a Federal…


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