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Mortgage rates on 30-year loans sink

Friday, December 12, 2008


MCLEAN, Va. — Rates on 30-year-fixed mortgages dropped this week to their lowest levels in more than four years, effects of a startling November jobs report and a government plan to buoy the housing market.

Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.47 percent, down from 5.53 last week. Rates on 15-year fixed-rate mortgages fell to an average of 5.20 percent, down from 5.33 percent last week.

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Comments

jstanotherday (anonymous) says...

The lowest rate in 4 years, is that right. Perhaps you need to do some more research!! I refinanced ONE YEAR AGO this coming February and got a rate of 5% on a 30 year note from Wells Fargo. Someone else trying to boost the economy on lies!!

December 12, 2008 at 4:32 a.m. ( | suggest removal )

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