Down from five point two nine percent, the average rate on a 30-yr. fixed mortgage stands at five point one two percent. At this time in 2008, the rate was at six point four seven percent.
Down from four point six eight percent, the average rate on a 15-yr. fixed rate mortgage now stands at four point five six percent. Rates for a five year ARM are at an average rate of four point five seven percent, down from four point seven five percent. The rates on a one year ARM came in at four point six nine percent, down from four point seven two percent.
Interest rates do not include points (add-on fees.) Across the nation, the average point was zero point seven for both 15 and 30 year fixed mortgages. Five year ARMs: zero point six per point, and one yr. ARMs, zero point five per point.
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