Home / Markets / Industries / Finance
Wednesday, November 25, 2009
Freddie Mac: Avg 30-year Fixed Mortgage Rate 4.78%
By Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Freddie Mac said Wednesday the 30-year fixed-rate mortgage average fell for the fourth week in a row to 4.78% with an average 0.7 point for the week ending Nov. 25. In the previous period, the average was 4.83%, and the year-ago average was 5.97%. "Interest rates for 30-year fixed-rate loans are currently 0.8 percentage point below this year's peak set in mid-June, which shaves roughly $100 off the monthly payments on a $200,000 mortgage. House prices are slowly beginning to firm now. For instance, annual house price declines slowed for the sixth consecutive month in September, down only 3%, and represented the smallest decline since February 2008, according to the Federal Housing Finance Agency's purchase-only house price index," said Frank Nothaft, Freddie Mac vice president and chief economist.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
Euro Debt Could Boost Gold
-
Feb 9, 2010
FOXBusiness.com LIVE
-
-
-
Health-Care Reform vs. Job Creation
-
Feb 9, 2010
Question of the Day
-
-
-
Ron Paul on Stimulus
-
Feb 9, 2010
Future of government bailouts?
-
-
-
U.S. No Longer the Space Explo...
-
Feb 9, 2010
Future of space program
-
-
-
Toyota Will Recover
-
Feb 9, 2010
Will the auto manufacturer bounce back?
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change