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Adjustable Rate Mortgage Blog; February, 2009 Archive, Page 1; Adjustable Rate Mortgage Blog

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Mortage rates decline

02/27/09 07:35

Mortgage rates further declined this week following a series of cuts in recent months. Rates on 30-year fixed-rate mortgage rates declined from 5.16% last week to 5.04% this week, while 15-year fixed-rate mortgage rates declined to 4.68% this week from last week's 4.81%, according to mortgage company Freddie Mac.

A more detailed report about the mortgage rates can be found here in LATimes.com

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Tags: mortgage rates on the decline • mortgages •
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