Mortgage Interest Rates Week of July 10, 2009

Mortgage interest rates dropped this week (along with gas/oil prices). None of us has a crystal ball so what happens in the future is a great big ????????.

• The average on 30-year financing slipped to 5.2 percent from 5.32 percent a week ago.
• The 15-year mortgage declined to 4.69 percent, down from 4.77 percent.
• Five-year ARMs were down to 4.82 percent from 4.88 percent.
• One-year ARMs fell to 4.82 percent from 4.94 percent.

Source: Los Angeles Times (07/10/09) © Copyright 2009 Information Inc.

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