Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
6 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
7 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
9 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
10 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
10 hours ago