30 Year mortgage

National 30-Year Fixed Mortgage Rate Dropping Once More to Below 5.50%

It’s been and up and down year for mortgage rates, but since a low point back at the beginning of December, we have seen a pretty steady rise in the national average of the 30-year fixed mortgage rate. However, this past week it seems to have reached its peak, and the rate has started to fall once again.

Averages Soar in December

Jobless Claims Fall Again, 30-Year Mortgage Rates At Record Low

The pace of job losses continues to slow down a bit with the number of unemployed workers filing new applications for insurance falling to the lowest level in 14 months. However, the White House has said that weekly unemployment figures will continue to rise.
Unemployment Claims Drop

Mortgage Rate National Averages at Lowest Point Since Early October 2009

Anyone who has been watching the mortgage market closely has seen a pretty constant decline in rates this month, following a small jump last month. Today, the 30 year mortgage rate national average hit 5.09% APR, the lowest it has been since it reached the same level last month on October 5th.
What Does This Mean For You?

Mortgage rates relatively unchanged as banks show mixed results

Mortgage rates again failed to break the 5 percent rate for the second consecutive week—a far cry from April’s record low rates. Rates remain steady as mixed news from the US economy has analyst guessing next market movements.
Here’s a comparison of this weeks mortgage rates and the previous week:

30 Yr Fixed and 15 Yr Fixed

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