WASHINGTON, Sept. 9 (UPI) -- Average interest rates for long-term mortgages rose slightly or held still in the past week, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Freddie Mac Vice President and Chief Economist Frank Nothaft said mixed signals in a national employment report -- showing unemployment up to 9.6 percent, but private payrolls higher -- had "a mixed effect on mortgage rates this week."
In the latest weekly survey, released Thursday, Freddie Mac said interest rates for 30-year, fixed-rate contracts rose from 4.32 percent with an average of 0.7 points, to 4.35 percent.
Average interest rates for 15-year, fixed-rate mortgages were unchanged at 3.83 percent, sticking with a 39-year record low for the second consecutive week.
Points for 15-year mortgages averaged 0.6 during the week, Freddie Mac said.
Thursday, 16 September 2010 09:36
posted by Samantha
Hmm. Can't believe rates keep getting lower.
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