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Mortgage Rates Slide Below Five Percent
Long-term mortgage rates fell for the third straight week, pushing the average rate on 30-year fixed rate loans below 5 percent again, according to Freddie Mac.
This week, January 28, 2010, average interest on a 30-year mortgage was 4.98 percent, compared to 4.99 percent last week and 5.16 percent a year ago. Rates on 15-year fixed loans also followed bond yields lower, averaging 4.39 percent, compared to 4.40 percent last week; and adjustable-rate mortgages also fell this week.
Check back weekly to get interest rates from Freddie Mac. This is a great time to buy a new home. Give me a call today and we can start looking for your dream home.
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