mortgage

Mortgage Rates for June 30, 2011

 

 

Bankrate.com's national survey found the typical 30-year fixed-rate mortgage had an interest rate of 4.71 percent this week, up 5 basis points from last week.

Other fixed-rate mortgages took a similar track. The 15-year fixed mortgage was at 3.86 percent, compared to 3.83 percent a week earlier.

An exception was jumbo mortgages, which dropped 2 basis points, settling at 5.21 percent.

Mortgage rates frequently move in the same direction as U.S. Treasury securities, and rates on long-term government bonds rose across the board in the last week.

Although it is too soon to determine if housing has finally hit bottom, according to the S&P/ Case-Shiller Home Price Index, home prices were up just under 1 percent from March to April. However, prices are still several percentage points below where they were in April 2010.

If you're in the market for a home - visit Bankrate.com to find the best rates. I'm Kristin Arnold.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Air bag recall hits 4.7m cars

About 4.7 million cars have been recalled due to a possible problem with the airbags that could cause them to deploy unexpectedly.  ... Read more


Connect with us