Freddie Mac’s
weekly survey of rates shows a decline in 30 year fixed loans.
30 year fixed loans averaged 4.97 percent with 0.7 points for the week ending March 4. The week prior average was 5.05 percent and the same period a year ago was 5.15 percent.
The 15 year fixed rate was 4.33 percent, also with 0.7 points.
Don Grafues
Resource: FreddieMac
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Congratulations to Cheyenne Davis of Saint David, winner of the spelling bee championship for Cochise County. She now heads on to the state competition in Phoenix on March 27.
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Rates on 30 year fixed mortgage rose slightly last week going above the 5 percent level. 30 year average was 5.05 percent, 15 year fixed rates were up a bit to 4.40 percent.
Don Grafues
Resource: REALTOR.org
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