Local Address: December 27, 2009 - January 2, 2010

30-year mortgage rates rise to 5.14%

We're ending the year with mortgage interest rates practically even with their levels at the close of 2008. Mortgage company Freddie Mac reported today that average rates on 30-year fixed-rate loans hit 5.14 percent with 0.7 points this week. That's up from last week's average of 5.05 percent and marked the fourth consecutive increase since rates bottomed out at a historic (at least since Freddie started keeping track in 1971) low of 4.71 percent.

By Elizabeth Razzi  |  December 31, 2009; 3:00 PM ET  |  Permalink  |  Comments (3)
Categories:  Mortgages , Statistics , The economy  
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