Rates on adjustable rate mortgages remained flat this week while 15 year and 30 year fixed rate mortgages fell 0.02 points. Even with the low rates, mortgage applications fell 3.4 percent the prior week.
Resource: REALTOR®Mag & FreddieMac.com
Government backed loans, especially FHA, drove a 1.5 percent increase in loan applications last week.
Rates continue to be low contributing to the increase.
Rates fell slightly flat last week. For example, 30 year fixed fell 0.02 point to 4.54 percent while 15 year fixed fell 0.03 point to 4.00 percent.
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Rates remained essentially flat last week. For example, 30 year fixed fell 0.01 point while 15 year fixed fell 0.03 points.
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Rates ticked up very slightly, remaining essentially flat last week. For example, 30 year fixed fell 0.01 point while 15 year fixed rose 0.03 points.
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Mortgage rates again hit a new 2010 low.
- mortgage type / this week / last week
- 30 yr fix / 4.69 / 4.75
- 15 yr fix / 4.13 / 4.20
- 5/1 ARM / 3.84 / 3.89
- 1 YR ARM / 3.77 / 3.82
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Adjustable rate mortgages hit new lows this past week but fixed rate loans ticked up slightly. 5 year ARM now 3.89 percent and 1 year ARM 3.82 percent. 30 year and 15 year fixed rate loans at 4.75 and 4.20 percent respectively. Click on the Freddie Mac link for 2010 rates by week.
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