08-10-09 Fixed Rates on 30-year mortgages dipped this week after economic reports came in better than expected. The average rate on a 30-year fixed rate mortgage was 5.22%, down from last week's 5.25%. A year ago, the 30-year fixed-rate mortgage rate averaged 6.52%.
03-19-10 Mortgage rates stayed below the 5% threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows. The Average rate on a 30-year fixed rate mortgage was at 4.96%, up from 4.95% a week earlier.
05-21-10 Mortgage rates have fallen to their lowest levels of the year. The average rate on a 30-year fixed rate mortgage declined to 4.84% this week from 4.93% a week earlier - the lowest level since mid-December, when rates averaged 4.81%. A record low of 4.71% was set late last year after the start of a Federal Reserve campaign to lower borrowing costs. The program ended this Spring, but rates have remained low. There are still other low rate programs available, however.
06-24-11 The average fixed mortgage rate on a 30-year loan held steady at 4.50%, while the average on 15-year loans rose to 3.69%, both still close to the yearly low.
11-04-11 The Salt Lake Tribune reports the average rate on a 30-year fixed mortgage fell to 4.0% this week, nearly matching the all-time low hit just one month ago of 3.94%. Rates have been below 5% for all but two weeks in the past year. Just five years ago they were closer to 6.5%, and ten years ago, above 8%.