Special offer

Mortgage rates still below 5 percent

By
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

239-220-7717

http://philipbusse.listingbook.com/

 

 

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