Monday, October 12, 2009
According to Freddie Mac, Thirty year, fixed rate mortgages have closed to 4.82 percent this May. Home owners who refinance can reduce their payment on a 30-year, fixed rate loan for $200,000 by nearly $134 a month from a year ago, when long-term rates averaged 5.94 percent.
Other mortgage rates were as follows:
Other mortgage rates were as follows:
- 15 year loans fell to 4.33 percent
- Five year adjustable rate mortgages dropped to 4.35 percent
- One year ARMs rose to 4.53 percent.



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