facebook
twitter
rss
account
search
search
 

U.S. mortgage rates slip in week

April 4, 2013 at 1:26 PM   |   Comments

| License Photo
WASHINGTON, April 4 (UPI) -- U.S. mortgage rates slipped in the week, the Federal Home Loan Mortgage Corp. said Thursday.

Rates for 30-year, fixed-rate mortgages slid from 3.57 percent with an average 0.8 point to 3.54 percent, Freddie Mac said.

Rates for 15-year contracts dropped from 2.76 percent to 2.74 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 fell to 2.65 percent with an average of 0.5 points from 2.68 percent.

One-year adjustable rate mortgages using 10-year bonds as a benchmark, averaged 2.63 percent with 0.4 point in the week, up from 2.62 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.
Recommended UPI Stories
Most Popular
1
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
2
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
3
Boeing exploring collaboration with Danish firm to develop UAV Boeing exploring collaboration with Danish firm to develop UAV
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
Trending News
Video
x
Feedback