Mortgage Rates Fall To 3-Month Low
Rates Have Been Falling Since Mid-December
POSTED: Thursday, January 19, 2006
UPDATED: 1:32 pm EST January 19,
2006
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WASHINGTON -- Mortgage rates are down again. Freddie Mac said Thursday that rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months. The mortgage giant's weekly survey showed rates on 30-year, fixed-rate mortgages dipped to 6.10 percent this week, from 6.15 percent last week. Rates have been falling since mid-December and are now the lowest they've been since mid October.A competing survey from Bankrate.com showed that the average 30-year, fixed-rate mortgage fell from 6.22 percent last week, to 6.12 percent this week. Rates on 15-year, fixed-rate mortgages -- a popular refinancing choice -- averaged 5.67 percent this week, down from 5.71 percent last week. One-year adjustable rate mortgages edged up slightly to 5.18 percent, compared with 5.15 percent last week. Rates on five-year hybrid adjustable rate mortgages dipped to 5.75 percent, from 5.76 percent last week.
Previous Stories:
- December 1, 2005: Hot Home Prices Cool Slightly
- November 17, 2005: Mortgage Rates Up Slightly
- November 11, 2005: 30-Year Mortgages Climb Again
- November 3, 2005: Long-Term Mortgage Rates Hit 6.3 Percent
- October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
- October 13, 2005: 30-Year Mortgage Rates Top 6 Percent
- October 6, 2005: Mortgage Rates Rise On Inflation Jitters
- September 29, 2005: Rates On 30-Year Mortgages Hit 5-Month High
- September 22, 2005: Survey: $1.7M Difference For Same Size Home
- September 15, 2005: Mortgage Rates Inch Higher
- September 8, 2005: Rates On 30-Year Mortgages Hold Steady
- August 18, 2005: Mortgage Rates Ease Slightly
- August 11, 2005: Mortgage Rates Close In On 6 Percent
- July 28, 2005: Mortgage Rates Rise For Fourth Straight Week
- June 23, 2005: Mortgage Rates Keep Sliding
- June 2, 2005: Mortgage Rates Drop Again
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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