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
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
13 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
13 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
14 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
14 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
14 hours ago