Industry NewsMortgage

30-year fixed-rate tops 5%

Mortgage rates near historic lows
Published on Sep 10, 2009

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by CareyBot

Mortgage rates have hovered near historic lows in recent weeks, with prime borrowers making 20 percent downpayments this week able to obtain 30-year fixed-rate mortgages at just over 5 percent, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage averaged 5.07 percent, with an average 0.7 point, for the week ending Sept. 10, Freddie Mac said, down from 5.08 percent last week and 5.93 percent a year ago.

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