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/
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