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Article: Bankrate: Lowest Mortgage Rates Since April.
- Article from:
- PR Newswire
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Nov. 12 /PRNewswire/ -- The average conforming 30-year fixed mortgage rate fell to 5.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.
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The average 15-year fixed mortgage was down to 4.61 percent while the larger jumbo 30-year fixed rate plummeted to 6.24 percent. Adjustable rate mortgages were somewhat mixed, with the average 1-year ARM jumping to 5.37 percent and the 5-year ARM sinking to 4.58 percent.
Mortgage rates broke out of their recent range, with the average ...