Mortgage Rates Down Two Weeks In a Row

February 24, 2011

Mortgage rates retreated further this week, with the benchmark conforming 30-year fixed mortgage rate dropping back to 5.09%, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points.

The average 15-year fixed mortgage pulled back to 4.37%, while the larger jumbo 30-year fixed rate reversed to 5.67%. Adjustable rate mortgages were also lower, with the average 5-year ARM sliding to 3.93% and the 7-year ARM plunging to 4.29…Read More 

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