Mortgage rates were on their way up this week, with the 30-year fixed-rate mortgage moving to its highest reading since Sept. 29, 2012, Freddie Mac reports in its weekly mortgage market survey.
Still, fixed-rate mortgages remain near all-time record lows and “should continue to aid in the ongoing housing recovery,” according to Frank Nothaft, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 24:
- 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.7 point, rising from last week’s 3.38 percent average. A year ago at this time, 30-year fixed-rate mortgages averaged 3.98 percent. The record low for 30-year rates is 3.31 percent, set on Nov. 21, 2012.
- 15-year fixed-rate mortgages: averaged 2.71 percent, with an average 0.7 point, rising from last week’s 2.66 percent average. Last year at this time, 15-year rates averaged 3.24 percent.
- 5-year adjustable-rate mortgages: averaged 2.67 percent, with an average 0.5 point, holding the same as last week. Last year at this time, 5-year ARMs averaged 2.85 percent.
- 1-year ARMs: averaged 2.57 percent, with an average 0.5 point, holding the same as last week. A year ago, 1-year AMRs averaged 2.74 percent.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/01/25/mortgage-rates-climb-higher-week
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com