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30-Year Mortgage Rate Tops 5 Percent

February 26, 2010 Leave a comment

UPDATE ON INTEREST RATES:  Average rates for conventional 30 year mortgages went up 5.05 percent this week from 4.93 percent a week earlier, according to Freddie Mac.  The interest  rates on a 30 year fixed loans had been below 5 percent for the past three weeks, close to the all time low of 4.71 percent set in December.

The 15 year fixed rate also rose this week, with jumping to 4.40 percent from 4.33 percent .