Mortgage Rates Top 5%
February 11, 2010
Source: Chicago Sun-Times, Francine Knowles
Long-term mortgage rates climbed above 5 percent this week. According to Freddie Mac, 30-year fixed loans averaged 5.01 percent compared to 4.98 percent last week.
Here are the across-the-board averages for other mortgages:
- 15-year fixed loans rose to 4.40 percent from 4.39 percent
- Five-year adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent.
- One-year ARMs fell to 4.22 percent from 4.29 percent a week ago.