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Home » Business » Mortgage Interest Fixed Rates lower again

Mortgage Interest Fixed Rates lower again

By Victoria Brown on April 24, 2011
going down chart

Digital News Report

Digital News Report – The current mortgage interest rates were on a downward trend from the previous week averages. This was according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) which was released on April 21, 2011. For a while there was a slight upward trend to the fixed rate mortgages, but now the rates are going lower again.

The 30 year fixed interest rate mortgages were averaging 4.80 percent which is down by 0.7 points from 4.91 percent rate of the week prior. One year ago at the same time the interest rate was at 5.07 percent for the 30 year fixed interest rate loans.

There was a similar drop with the 15 year fixed interest rate mortgage loan at 4.02 percent that had the same 0.7 point drop from the previous week’s 4.13 percent interest rate. One year ago at the same time the interest rate for a 15 year mortgage was 4.39 percent.

By Victoria Brown

  1. Mortgage Interest Rates Lower Again 30-Year Fixed Average Rate of 4.42 Percent
  2. Mortgage Interest Rates drop lower from previous week
  3. Mortgage Interest Rates stalls for 30-year fixed and increases for 15-year fixed
  4. Mortgage Interest Rates Lower making Home Loan Refinancing Attractive to Homeowners
  5. Mortgage Interest Rates Remain at Historical Lows

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