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Article: Bankrate: Mortgage Rates Hold Steady.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- The average conforming 30-year fixed mortgage rate was unchanged at 5.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.31 discount and origination points.
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The average 15-year fixed mortgage was down slightly to 4.72 percent while the larger jumbo 30-year fixed rate jumped to 6.50 percent. Adjustable rate mortgages were mixed, with the average 1-year ARM inching lower 5.27 percent and the 3-year ARM rising to 4.88 percent.
Mortgage rates were mostly in a holding pattern ...