Thursday, March 19, 2009

INTEREST RATES NEARING ALL TIME LOW!


NEW YORK (CNNMoney.com) -- Mortgage rates slipped last week, according to a weekly survey released Thursday.
The average 30-year fixed mortgage fell to 5.37% for the week ended March 11, according to Bankrate.com. Rates were little changed from four weeks ago, when they averaged 5.34%.
The average jumbo 30-year fixed rate rose to 6.99% from 6.77% in the prior week.
The average 15-year fixed rate mortgage slipped to 4.88% from 4.94% a week earlier.
Adjustable-rate mortgages were also mixed, with the 1-year ARM rising to 5.58% from 5.43%; the 5/1 adjustable-rate mortgage decreasing to 5.34% from 5.39%.
If you have any questions, feel free to call me anytime!
JOHN SAWYER
CHINOWTH & COHEN REALTORS
918-289-7065

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