Thirty-year fixed mortgage rates dipped slightly this week to an average of 5.10 percent, Freddie Mac said Thursday. The retreat comes after rates bounced back from a record low weekly average of 4.96 percent, which they hit two weeks ago amid lower inflation and Federal Reserve moves to buy up mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac. Thirty-year fixed mortgage rates are down sharply from 6.46 percent in late October 2008.
[See Low Mortgage Rates: 7 Things You Need to Know to Refinance.]
paul of WA @ Feb 02, 2009 21:11:40 PM
Muser of NM @ Jan 30, 2009 14:08:49 PM