facebook
twitter
search
search

Mortgage rates little changed in week

Sept. 13, 2012 at 11:30 AM
| License Photo

WASHINGTON, Sept. 13 (UPI) -- Fixed mortgage rates on long-term loans in the United States were little changed in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.

The average 30-year fixed mortgage interest rate held steady at 3.55 percent with an average 0.6 points, Freddie Mac said.

A year earlier, interest rates for 30-year, fixed-rate loans were at 4.09 percent.

For 15-year loans, interest rates dropped slightly, falling from 2.86 percent to 2.85 percent with an average 0.6 points. A year ago, 15-year loan rates averaged 3.3 percent.

Average interest rates for five-year adjustable-rate mortgages dropped from 2.75 percent to 2.72 percent in the week with 0.6 points. In the same week of 2011, rates for five-year ARM contracts stood at 2.99 percent.

The average interest rates for one-year ARM contracts was 2.61 percent in the week with 0.4 points, identical to last week.

Rates a year ago for one-year ARM contracts averaged 2.81 percent.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting