Mortgage Rates Fall

April 22, 2010

Source: Reuters, Julie Haviv

The first decline in five weeks drove mortgage interest back down to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a week ago.

Freddie Mac also reports:

  • The 15-year fixed rate averaged 4.40 percent, down from 4.52 percent.
  • The one-year adjustable-rate mortgages averaged 4.13 percent, down from 4.14 percent.
  • Interest on the five-year ARM came in at an average of 4.08 percent compared to 4.25 percent last week.

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