Mortgage Interest Rates Fall For Fifth Straight Week

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Turmoil in the stock markets continues to shake things up on Wall Street, and the ripple effects are touching the lending industry as mortgage rates dip yet again for the fourth consecutive week.

30-YEAR FIXED RATE MORTGAGE RATES FALL FOR FIFTH STRAIGHT WEEK. McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its primary mortgage market survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.78 percent with an average 0.6 point for the week ending September 18, 2008, down from last week when it averaged 5.93 percent.

(Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 4.08 percent a week ago and 4.42 percent. takes off and oil falls, then.

WASHINGTON – Long-term U.S. mortgage rates climbed for the fifth straight week amid investors’ growing concern about inflation. mortgage giant freddie mac said Thursday the average rate on 30.

Market volatility pushed mortgage rates lower than industry experts initially predicted, according to the weekly mortgage survey from Freddie Mac.. For the week ending Thursday, Feb.4, average rates on the 30-year fixed-rate, 15-year fixed-rate and 5-year Treasury-indexed adjustable rate mortgages all continued a steady five-week decline.

Mortgage rates have fallen for the second week in a row, which gives consumers seeking to buy a home a little more breathing room. mortgage rates fall for a second straight week

A point is 1% of the mortgage amount, charged as prepaid interest. "Fixed mortgage rates inched down for the fifth consecutive week as financial markets try to ascertain the current strength of.

The week’s results included an adjustment for the Thanksgiving holiday last Thursday, the group said. The data marked the fifth straight weekly drop for the index, taking it to its lowest level since.

Mortgage rates were mixed this week after steep declines a week ago. The benchmark 30-year fixed-rate mortgage stayed flat at 3.81 percent, according to Bankrate’s weekly survey of large lenders.

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