Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fixed mortgage rates continue to drop
WASHINGTON (5/23/11)--Thirty-year fixed-rate mortgages continued to trend down last week, averaging 4.61% during the week ended May 19, the lowest average mortgage rate recorded this year. Fifteen year mortgages also reached a yearly low, averaging 3.80%. Freddie Mac Vice President/Chief Economist Frank Nothaft said that the decreased mortgage rates were tied to mixed home market and economic data. Five-year and one-year adjustable rate mortgages (ARM) crept up during the week, averaging 3.48% and 3.15%, respectively. Five-year ARMs averaged 3.91% this time last year, while one-year ARMs averaged 4.00%.
Other Resources

RSS print
News Now LiveWire
Take 1 step to prepare See #NewsNow http://t.co/iAmMGHY9V3 HT @AgilityRecovery graphic #NPM @Readygov http://t.co/KDvJl9K9hJ
50 seconds ago
#NewsNow: Seth Carpenter nominated to be @USTreasury assistant sec. for financial markets. http://t.co/SfLjscjrEE
14 minutes ago
Newly merged VolCorp #creditunion elects board #NewsNow http://t.co/4nE9uSgBlx
45 minutes ago
#NewsNow: @CUNA seeks comment on #FinCEN customer due diligence proposal. http://t.co/l1cowIHBNB
54 minutes ago
NCUA announces free webinar, 'Merger Best Practices,' to be offered on Wed., Sept. 17, 2014,2 p.m. ET. 2 register: http://t.co/7NaPNVuG4u
1 hours ago