Mortgage interest rates decline in week
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interest rates, Mortgage Interest Rates March 20th, 2008WASHINGTON, March 20 (UPI) — Interest rates for both 30-year and 15-year fixed-rate mortgages in the United States declined this week, Freddie Mac reported Thursday.
At 5.87 percent, the average 30-year fixed interest rate dropped over last week’s average of 6.13 percent with mortgages including an average of 0.5 points. The 30-year fixed-rate mortgage averaged 6.16 percent a year ago, the report said.
Fifteen-year fixed rate mortgages also decreased, averaging 5.27 percent with an average of 0.5 points. A week ago 15-year fixed rate mortgages averaged 5.6 percent, while a year ago they averaged 5.9 percent, the weekly report said.
Tags: interest rates, Mortgage Interest Rates
