The Kestner Team

January 20th, 2009 10:26 AM

Rates Fall BELOW 5 Percent!

Freddie Mac reports that the 30-year fixed mortgage rate fell to 4.96 percent for the week ended Jan. 15 from 5.01 percent the prior week, marking the 11th straight weekly decline.

During the same period, the 15-year fixed mortgage rate edged up to 4.65 percent from 4.62 percent; and the five-year adjustable mortgage rate slipped to a three-year low of 5.25 percent. Additionally, the one-year ARM dropped to 4.89 percent from 4.95 percent.

[SOURCES: Freddie Mac; Information, Inc.]

Posted by Nina Kestner McIver on January 20th, 2009 10:26 AMPost a Comment (0)
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