Mar 25th, 2009
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NEW YORK, March 25, 2009 /PRNewswire-FirstCall via COMTEX/ ----Mortgage rates moved to levels most have never seen, with the average 30-year fixed mortgage rate dropping to 5.19 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.42 discount and origination points.
The average 15-year fixed rate mortgage retreated to 4.80 percent and the average jumbo 30-year fixed rate fell to 6.66 percent. Adjustable rate mortgages were lower also, with the average 1-year ARM pulling back to 5.30 percent and the 5/1 ARM slipping to 5.21 percent.
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1:28Money Management : How to Compare Mortgage Rates in Canada
In Canada, mortgage rates tend to have lower interest rates on balance than mortgage rates in the United States. Find out which mortgage rates are available by institution at bankrate.com withhelp from a registered financial consultant in this free video on calculating mortgage rates ...
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