Data Digest: Mortgage rates remain at record lows
The numbers: Mortgage rates for 30-year fixed loans averaged 4.37 percent with an average 0.7 point for the week ending Sept. 16, up slightly from 4.35 percent last week. The average for 15-year-fixed loans fell to another record low of 3.82 percent from 3.83 percent last week.
Quick take: The changes were so small that they essentially represent no change at all.
What it means for you: Interest rates are still well below the low levels they were last year and in previous years, meaning it may be advantageous for some homeowners to refinance. In fact, 30-year fixed mortgages have been below 5 percent for the past 19 weeks.
Data source: Freddie Mac Primary Mortgage Market Survey
Washington Post editors
September 16, 2010; 11:25 AM ET
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