Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
30- 15-year rates continue to set yearly lows
WASHINGTON (6/3/11)--Thirty- and 15-year fixed-rate mortgages slid even further during the week ended June 2, again setting new yearly low points, with 30-year loans averaging 4.55% and 15-year loans averaging 3.74%. The previous lows for this year were set last week. Freddie Mac Vice President/Chief Economist Frank Nothaft said that the fixed mortgage rate reductions related to lower weekly U.S. Treasury yields, which dropped “amid financial market concerns that the current lull in the economy is continuing.” The housing market also remains slow, he added. Five-year adjustable rate mortgages (ARM) held steady during the week, again averaging 3.41%. One-year ARMs increased slightly, totaling 3.13%. Five-year ARMs averaged 3.94% this time last year, while one-year ARMs averaged 3.95%.
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
15 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
15 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
18 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
19 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
20 hours ago