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March 2008 Fixed Mortgage Interest Rates

Long-term mortgage rates this week were mixed, with the 30-year fixed rate falling and the 15-year rate rising, Freddie Mac reported today.

The average rate on 30-year fixed loans dipped from 5.87 percent to 5.85 percent, while the 15-year average rose from 5.27 percent to 5.34 percent. By contrast, a year ago the 30-year averaged 6.16 percent and the 15-year averaged 5.86 percent. To qualify for these rates, borrowers must pay points, or fees that lenders charge for loan processing expressed as a percent of the loan, which this week averaged 0.4 on the 30- and 15-year loans.

Average rates on adjustable-rate mortgages (ARMs) climbed in the latest survey, with five-year Treasury-indexed hybrid ARMs gaining from 5.56 percent to 5.67 percent and the one-year Treasury-indexed ARMs increasing from 5.15 percent to 5.24 percent. Points paid on these loans averaged 0.6 and 0.5, respectively.

Hipotecas Prestamos March 27, 2008 06:39 PM

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