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Data Digest: Mortgage rates remain at record lows

Mortgage rates

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

By Washington Post editors  |  September 16, 2010; 11:25 AM ET
Categories:  Housing  
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Comments

the FANNIE MAE Primary Mortgage Market Survey???????

Doesn't the Post have any copy editors left at all?

Posted by: mort_fin | September 16, 2010 1:12 PM | Report abuse

If you search on "fannie mae primary mortgage market survey" you get hits for that and also for "freddie mac primary mortgage market survey." So maybe they're interchangeable? Or else lots of people don't know Fannie Mae from Freddie Mac. (I sure don't.)

Posted by: Anonymous | September 16, 2010 2:31 PM | Report abuse

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