Mortgage Rates Fall Slightly This Week
Mortgage Rates fell slightly this week to 5.16% on average for a 30-yr fixed mortgage according to the latest rate survey released by Freddie Mac. Rates for 15-yr fixed mortgages as well as 5/1 ARM also dropped slightly. This continues a see-sawing of rates in recent weeks since bottoming out below 5% during the second week of January. These are still very solid near record low rates. Click here to see the rate the data thus far for 2009.