Sunday, June 24th 2018

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What is the average home interest rate?

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20th Dec 2009 by Burt Carlson

There are a variety of sources that produce an average home interest rate but each uses a slightly different methodology. Typically a home loan includes anywhere from zero to 1% Origination sometimes called points. These points will make the rate vary. The most used source of an average home mortgage rate is provided by Freddie Mac each Thursday. This government sponsored entity is a major provider of mortgage financing. For example, last Thursday December 17, 2009 the average 30 year fixed rate loan was 4.94%. A good source for this data is the Federal Reserve Statistical Release H.15 which can be found at www.federalreserve.gov/releases/h15/data.

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5th Nov 2009 by Gary

As of November 5, 2009, the national average interest rate for a 30-year mortgage stands at 5.46 percent with points at 0.18. The 15-year average national interest rate is 4.87 percent with points at 0.22. A one year ARM is 4.6 percent nationally with points of 0.36. This should continue on for approximately the next six months, as the Federal Reserve has stated they have no plans to change it until then, if they do at all.

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5th Nov 2009 In Investing 2 Answers | 1841 Views

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