Real estate notebook

  • Sunday, January 30, 2011 12:01am
  • Business

Mortgages

The average rate on a 30-year fixed mortgage rose for the second week in a row, buoyed by higher bond yields. Freddie Mac said Thursday that the average rate rose to 4.80 percent this week from 4.74 percent the previous week.The average rate on the 15-year loan, a popular refinance option, inched up to 4.09 percent from 4.05 percent.

The 30-year loan rate reached a 40-year low of 4.17 percent in November, and the 15-year mortgage rate fell to 3.57 percent, the lowest level on records dating back to 1991.

Send your real estate news to Mike Benbow, Business editor, The Herald, P.O. Box 930, Everett, WA 98206, by fax at 425-339-3435 or by e-mail at economy@heraldnet.com.

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