Mortgage rates unchanged or dipping slightly
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, Mortgage Interest Rates April 18th, 2008Rates on 30-year fixed-rate mortgages were unchanged this week, but other rates showed declines, Freddie Mac reported in its weekly nationwide survey. The 30-year rates held at 5.88 percent, where they have been for the past three weeks.
Rates on 15-year fixed-rate mortgages dipped to 5.40 percent from 5.42 percent. Five-year adjustable-rate mortgages dropped to 5.48 percent from 5.56 percent. Rates on one-year adjustable-rate mortgages slipped to 5.10 percent from 5.18 percent.
Rates don’t include add-on fees known as points. For 30-year mortgages, the nationwide average fee was 0.4 point, while the average fee was 0.5 point for 15-year mortgages. The average fee was 0.6 point for five-year adjustable-rate mortgages and one-year ARMs.
Associated Press
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