Mortgage interest rates ease
April 16th, 2010
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After rising for a month, the average interest rate for a 30-year fixed loan declined to 5.07% this past week from 5.21% the previous week, Freddie Mac said in its weekly survey of lenders.
Fixed-rate 15-year mortgages, a popular option for people refinancing to pay off their homes more quickly, averaged 4.40%, down from 4.52%.
Rates on adjustable mortgages also fell slightly, Freddie Mac said. A news release on the survey was expected to be posted later Thursday.