Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
15-year fixed short term ARM rates stay low
WASHINGTON (11/5/10)--Freddie Mac in its most recent mortgage rate report noted that the average rate on 30-year fixed-rate mortgages again increased slightly, while the rate on 15-year fixed-rate mortgages dropped during the week ended Nov. 4. The 30-year rate averaged 4.24%, up from the 4.23% rate reported last week and down from the 4.98% rate reported one year ago. The 15-year rate fell to 3.63% during the week, down .03% from the previous average reported a week ago. The 15-year fixed rate mortgages averaged 4.4% at this time last year. Both five-year and one-year adjustable rate mortgages were low, with average rates of 3.39% and 3.26% reported. Freddie Mac Vice President/Chief Economist Frank Nothaft said that “with little sign of inflation to push up long-term interest rates, fixed mortgage rates held relatively steady this week, while ARM rates hit new all-time record lows.” For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
Today Ntl Fed of CDCUs holds 2 pm ET webinar on performance, profiles, prospects of #CDFI #CUs http://t.co/x4Z9UiKK4u
12 minutes ago
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
15 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
18 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
18 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
20 hours ago