Mortgage rates slipped to lowest level in 2010
Mortgage rates slipped to lowest level in 2010
Mortgage rates fell to the lowest level of the year since mid-December this week, with the average rate on a 30-year fixed rate mortgage dipping to 4.84 percent from 4.93 percent last week. Germany’s move this week to limit certain kinds of short-selling concerned investors, who shifted money from risky European debt to safer U.S. securities. That also lowered mortgage rates.
The average rate on a 15-year fixed-rate mortgage also went down this week to 4.24 percent from last week’s 4.3 percent. Rates on five-year, adjustable-rate mortgages fell from 3.95 percent a week earlier to 3.91 percent, while rates on one-year, adjustable-rate mortgages also slipped from 4.02 percent to 4 percent.