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October 7, 2008
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Interest Rate Update

Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees.

Mortgage bonds have been on a rally as of late, driving interest rates lower.  

5.875%

Falling

How do we get our rates?

Most mortgage rate surveys contain old data, sometimes a week old, as in Freddie Mac's weekly interest rate survey. Still other mortgage rate services poll different lenders in such a confusing format that it's hard to understand with such polls being nothing more than lenders advertisements.

Our mortgage rates are culled from actual rate sheets from major lenders each and every day as soon as they're released. The rates are fresh and accurate and benefit our readers with no bias towards one lender or another.

Published: May 1, 2008

Use of this article without permission is a violation of federal copyright laws.










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Mortgage Rates
30 Year Fixed: 6.10%
15 Year Fixed: 5.78%
1 Year Adj: 5.12%
(U.S. Weekly Averages)

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