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.

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