Commercial & Residential Property Blog

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased five basis points last week to 4.77 percent, up from 4.72 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages rose three basis points to 4.24 percent from 4.21 percent, and 5-1 adjustable rate mortgages increased four basis points to 3.85 percent, from 3.81 percent the week prior.

Rates this week for 30-year home loans stayed below 5 percent for the second week in a row.

The average rate fell to 4.91 percent from 4.98 percent a week earlier, mortgage company Freddie Mac said Thursday.

Home-mortgage rates fell this week, with the average rate on 30-year fixed-rate mortgages retreating back below the psychologically significant 5% level, according to Freddie Mac’s weekly survey of mortgage rates.

Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks.

The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday.

The average conforming 30-year fixed mortgage rate was unchanged at 5.35 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.31 discount and origination points. The average 15-year fixed mortgage was down slightly to 4.72 percent while the larger jumbo 30-year fixed rate jumped to 6.50 percent. Adjustable rate mortgages were mixed, with the average 1-year ARM inching lower 5.27 percent and the 3-year ARM rising to 4.88 percent.

Rates for 30-year home loans have inched up, but remained below 5 percent for the third-straight week as government efforts to aid the housing market continued to keep rates low.

Mortgage rates fell this week, with the average rate on 30-year fixed-rate mortgages retreating deeper below 5% and several others reaching lows, according to Freddie Mac’s weekly survey.

After yields on Treasurys rebounded from the multidecade lows hit earlier this year, they have since retraced, pulling down mortgage rates with them.

In an announcement that should bolster the housing industry, the Federal Reserve said Wednesday that it intended to keep key lending rates near zero “for an extended period” and continue to buy mortgage-backed securities and debt through March 2010.

That’s the second time the Fed has decided to stretch out its program to encourage spending and stimulate the economy.

WASHINGTON — Home-mortgage rates held the line this week, remaining at three-month lows, with the average rate on 30-year, fixed-rate mortgages remaining just above 5%, according to Freddie Mac’s weekly survey.

Rates for 30-year home loans edged down for the third-straight week and are close to record lows reached over the spring, providing an excellent opportunity for borrowers to save money by refinancing their home loans.

The average rate for a 30-year fixed mortgage was 5.04 percent, down from 5.07 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still attractive for people looking to buy a home or refinance.