facebook
twitter
rss
account
search
search
 

Mortgage rates little changed in week

March 7, 2013 at 11:48 AM   |   Comments

WASHINGTON, March 7 (UPI) -- Long-term U.S. mortgage rates were little changed in the week, the Federal Home Loan Mortgage Corp. said Thursday.

Rates for 30-year, fixed-rate mortgages rose from 3.51 percent with an average 0.7 point to 3.52 percent, Freddie Mac said.

Rates for 15-year contracts were unchanged at 2.76 percent with an average 0.7 point.

One point is equal to 1 percent of the amount of the loan and is typically paid up front. It includes a corresponding discount on the loan's long-term interest rates.

Interest rates for five-year adjustable rate mortgages rose from 2.61 percent with an average of 0.5 points to 2.63 percent.

One-year adjustable rate mortgages using 10-year bonds as a benchmark, averaged 2.63 percent with 0.3 point in the week, down from 2.64 percent in the previous week.

Topics: Freddie Mac
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
4
Iraq seeks thousands of tank rounds Iraq seeks thousands of tank rounds
5
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
Trending News
Around the Web
x
Feedback