Accoring to an article from Realtor.org. “Long-term mortgage rates climbed above 5 percent this week. According to Freddie Mac, 30-year fixed loans averaged 5.01 percent compared to 4.98 percent last week.” If anyone is planning on submitting a loan in the near future, you might want to wait on locking in on that rate.
Here are the across-the-board averages for other mortgages:
If anyone is planning on submitting a loan in the near future, you might want to wait on locking in on that rate.
Here are the across-the-board averages for other mortgages:
- 15-year fixed loans rose to 4.40 percent from 4.39 percent
- Five-year adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent.
- One-year ARMs fell to 4.22 percent from 4.29 percent a week ago.
(Source: Chicago Sun-Times, Francine Knowles, 02/05/10 )