Special offer

Mortgage rates still below 5 percent

Real Estate Agent with Century 21 Sunbelt Realty

March 19, 2010 - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.

The average rate on a 30-year fixed rate mortgage edged up to 4.96 percent this week from 4.95 percent a week earlier, the mortgage finance company Freddie Mac said Thursday.

Rates dropped to a record low of 4.71 percent in December and have hovered around 5 percent since, kept down by the Fed's $1.25 trillion program to buy up mortgage securities issued by Freddie Mac and sibling company Fannie Mae.


Philip H. Busse PA

Coldwell Banker Residential Real Estate

Paradise Partners





Jody Lautenbach
Century 21 Premier Associates - Pella, IA

This just helps our business! Great times!  I remember when rates were 14% ! !

Mar 19, 2010 05:30 AM