Pacific Palisades Real Estate Blog - Friday 09-17-2010 - Mortgage Rates mixed, Still Low
By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Friday everyone! I found this article very interesting and wanted to share with you.... Mortgage Rates Mixed, Still Low September 10, 2010 Average interest rates for long-term mortgages rose slightly or held still in the past week, the U.S. Federal Home Loan Mortgage Corp. said Thursday. Freddie Mac Vice President and Chief Economist Frank Nothaft said mixed signals in a national employment report—showing unemployment up to 9.6 percent, but private payrolls higher—had “a mixed effect on mortgage rates this week.” For the week ending Sept. 9, “The 30-year fixed rate nudged up, but the 15-year fixed rate (was) unchanged,” he said. In the latest weekly survey, released Thursday, Freddie Mac said interest rates for 30-year, fixed-rate contracts rose from 4.32 percent with an average ...
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