Home > Uncategorized > Mortgage Rates Slide Below Five Percent

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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