Long-Term Mortgage Rates Remain Stable and Low

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FEB

Freddie Mac released the results of its Primary Mortgage Market Survey late last week. The 30-year fixed-rate mortgage averaged 5.01 percent for the week ending February 4, 2010. That's up from last week when it averaged 4.98 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 5.25 percent.

The 15-year fixed-rate mortgage averaged 4.40 percent in the survey. That's up slightly from last week when it averaged 4.39 percent. A year ago at this time, the 15-year fixed-rate mortgage averaged 4.92 percent.

Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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