30 Year Fixed Hovers at 6%
- By:
- Bill Rice | Wed, 10/22/2008
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Mortgage rates continue to bounce up and down, but seem to continue finding equilibrium around the 6 percent mark for 30 year fixed rate, increasingly the most popular mortgage option.
Volatility and uncertainty in the markets and in housing prices are likely to keep the governments eye on housing affordability--moderating mortgage rates as an economic objective.
30 year fixed rate mortgage rates are within 0.20 percent of 6 and 12 month averages--showing some stability.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
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