Friday, November 5, 2010

Mortgage Rates

The GSE reported that rates for 30-year fixed mortgages averaged 4.24 percent (0.8 point) for the week ending November 4, 2010. That’s up slightly from last week’s average of 4.23 percent, and marks the third consecutive week the 30-year rate has increased in Freddie Mac’s study.

The average rate on 15-year fixed mortgages came in at 3.63 percent (0.7 point), according to the GSE, down from 3.66 percent last week.