Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinksi@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

30-year loan rate at 4.51%

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
WASHINGTON — Average U.S. rates for fixed mortgages barely changed this week, hovering near historically low levels.
Mortgage buyer Freddie Mac said the average for the 30-year loan slipped to 4.51 percent from 4.53 percent last week. The average for the 15-year loan edged up to 3.56 percent from 3.55 percent.
Mortgage rates have risen more than a full percentage point since hitting record lows a year ago, driven by speculation that the Federal Reserve would reduce its $85 billion a month in bond purchases.
The Fed determined the economy was strong enough to start cutting those monthly purchases by $10 billion. The bond purchases have kept long-term interest rates low.
The rise in mortgage rates has slowed home sales, which have fallen for three straight months.
Story tags » Financial & Business ServicesReal Estate

MORE HBJ HEADLINES

CALENDAR

Market roundup