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morgage rates under 5 % / great motivator for buyers!

Mortgage tracker Bankrate.com said the average 30-year fixed loan slipped to 5.22% from 5.25% the previous week. The 15-year fixed rate also fell, Bankrate said, to 4.6% from 4.64% the week before.

The 30-year rate is influenced by the benchmark 10-year note's yield, which moves in the opposite direction of its price. Treasury prices have risen over the past week as $78 billion worth of auctions received above-average demand.

Posted by Daryl Datus on 10/31/2009 01:25 PM

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Daryl Datus

Belfair, WA

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Reid Real Estate Belfair

Address: 23861 NE State Route 3, Belfair, WA, 98528

Office Phone: (360) 275-2868 x 104

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