Friday, January 21, 2005

Mortgage rates decline 3rd week in a row

Rates on 30-year mortgages fell for a third straight week.

Thursday's weekly survey by mortgage company Freddie Mac showed that 30-year, fixed rate mortgages averaged 5.67 percent for the week ending Jan. 20, compared with 5.74 percent last week.

15-year, fixed-rate mortgages, a popular option for refinancing, declined this week to 5.15 percent.

Five-year hybrid adjustable rate mortgages averaged 5.05 percent this week.

Click here for a Los Angeles Mortgage Broker or Real Estate Agent.

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