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.

Share this story:
E-mail this story E-mail this story  Printer-friendly version Printer-friendly version  

Copy and paste the link:

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 )

Notice about comments:

Postandcourier.com is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Postandcourier.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website.

Users can now build user-to-user connections, follow friends' recent posts, add an avatar that fits their personality, and more. If you have posted here before you'll need to sign up again, or if you've never posted before, start now by signing up!

Full terms and conditions can be read here.




.Link.