Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Composite 30-year mortgage rates rise in February
WASHINGTON (3/30/11)--The national average interest rate for 30-year fixed-rate mortgages increased to 4.97% in February, a 12 basis point increase over the previous month’s total, the Federal Housing Finance Agency (FHFA) reported on Tuesday. The FHFA reported that the contract rate on the composite of all fixed- and adjustable-rate mortgages was 4.80% percent in February, up 10 basis points from 4.70 percent in January. The FHFA did not include separate information on adjustable rate mortgages. Mortgage totals average $216,900 during February, a $14,500 increase from January’s total of $202,400. One-time fees and other mortgage origination charges accounted for an average of 0.8% of the balance of all mortgage loans, and the average term of these mortgages was 27.2 years. The average loan-to-price ratio was 74.7%, the FHFA added. The FHFA rate survey reflects loans that closed between Feb. 22 and Feb. 28.
Other Resources

RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
22 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
1 Day ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
1 Day ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
1 Day ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
1 Day ago