Wednesday, January 28, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Average US 30-year mortgage rate at 4.10 percent

By
From page HSR3 | August 23, 2014 |

WASHINGTON — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.

Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.23 percent from 3.24 percent.

Mortgage rates have fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term borrowing rates low.

Mortgage rates often follow the yield on the 10-year Treasury note. The 10-year note traded at 2.43 percent Wednesday, close to its low for the year of 2.41 percent. It was trading at 2.42 percent at midday Thursday. Bond yields rise when bond prices fall.

At its 52-week low of 4.10 percent, the rate on a 30-year mortgage is down from 4.53 percent at the start of the year. Rates have fallen even though the Fed has been trimming its monthly bond purchases, which are intended to keep long-term borrowing rates low. The purchases are set to end in October.

The low rates appear to have boosted U.S. home sales. Data released Thursday showed that sales of existing homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

The National Association of Realtors said home sales rose 2.4 percent to a seasonally-adjusted annual rate of 5.15 million, the highest since last September.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for a 30-year mortgage was 0.5 point, down from 0.6 point last week. The fee for a 15-year mortgage was unchanged at 0.6 point.

The average rate on a five-year adjustable-rate mortgage fell to 2.95 percent from 2.97 percent. The fee remained at 0.5 point.

For a one-year ARM, the average rate rose to 2.38 percent from 2.36 percent. The fee was stable at 0.5 point.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • Recent Articles

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • .

    Solano News

     
    Youngster battles brain cancer a 2nd time

    By Susan Winlow | From Page: A1, 2 Comments | Gallery

     
    2 Solano road projects get green light

    By Kevin W. Green | From Page: A1

     
    Rush Ranch seeks docents

    By Kevin W. Green | From Page: A2

    Health officials report 1st Solano flu death

    By Kevin W. Green | From Page: A3, 5 Comments | Gallery

     
    Kroc Health Fair offers free screenings

    By Amy Maginnis-Honey | From Page: A3

     
    Vacaville police to offer law enforcement academy

    By Ian Thompson | From Page: A4

    Vanden to host science fair

    By Bill Hicks | From Page: A4

     
    Woman with Solano ties caught up in tax fraud case

    By Jess Sullivan | From Page: A4

     
    Frazier schedules coffee in Suisun City

    By Ryan McCarthy | From Page: A4, 2 Comments

     
     
     
    Coalition members review tobacco control report card

    By Kevin W. Green | From Page: A5

    Vacaville Toastmasters welcome guests

    By Amy Maginnis-Honey | From Page: A6

     
    Chipotle fundraiser to benefit Armijo newspaper

    By Amy Maginnis-Honey | From Page: A6, 3 Comments

     
    American Legion Post schedules head-shaving fundraiser

    By Kevin W. Green | From Page: A6

     
    Dramas, thrillers lead week’s box office openings

    By Amy Maginnis-Honey | From Page: B8

     
    Suisun City police log: Jan. 25, 2015

    By Susan Hiland | From Page: A12

    Suisun City police log: Jan. 24, 2015

    By Susan Hiland | From Page: A12

     
    Fairfield police log: Jan. 26, 2015

    By Susan Hiland | From Page: A12

    Fairfield police log: Jan. 25, 2015

    By Susan Hiland | From Page: A12

     
    Fairfield police log: Jan. 24, 2015

    By Susan Hiland | From Page: A12

    Suisun City police log: Jan. 26, 2015

    By Susan Hiland | From Page: A12

     
    .

    US / World

    Gold nuggets stolen in smash and grab

    By The Associated Press | From Page: A7

     
    CSU chancellor looks to increase graduation rates

    By The Associated Press | From Page: A8

    Officials lose track of billions in funding

    By The Associated Press | From Page: A8, 3 Comments

     
    Bill would treat e-cigs the same as regular cigarettes

    By The Associated Press | From Page: A8

     
    NTSB: Systemic flaws in safety oversight of gas pipelines

    By The Associated Press | From Page: A14

     
    Military has wide discretion on Bergdahl charges

    By The Associated Press | From Page: A14, 1 Comment

    Gunmen storm Libya hotel, killing American, 9 others

    By The Associated Press | From Page: A14

     
    Famed civil rights protesters to have arrest records erased

    By The Associated Press | From Page: A14

    Secret talks in Jordan try to win release of hostages

    By The Associated Press | From Page: A14

     
    ‘Wicked storm': Blizzard drops 2 feet of snow on New England

    By The Associated Press | From Page: A14

     
    .

    Living

    Community Calendar: Jan. 28, 2015

    By Susan Hiland | From Page: A2

     
    Today in History: Jan. 28, 2015

    By The Associated Press | From Page: A2

    Horoscope Jan. 28, 2015

    By Holiday Mathis | From Page: B6

     
    We live close to my nephew but he chooses to remain distant

    By Kathy Mitchell and Marcy Sugar | From Page: B6

     
    10 Things: 10 fresh takes on Super Bowl guacamole

    By The Associated Press | From Page: B7

     
    .

    Entertainment

    Christina Aguilera to perform ahead of NBA All-Star Game

    By The Associated Press | From Page: B8

     
    Common, John Legend to perform ‘Glory’ at Academy Awards

    By The Associated Press | From Page: B8

    Katie Holmes to guest on ‘Ray Donovan’

    By The Associated Press | From Page: B8

     
    .

    Sports

    Falcon boys drop 69-61 SCAC loss to Bethel

    By Marcus Lomtong | From Page: B1 | Gallery

     
    Local Report: Armijo boys roll past Napa 69-41

    By Daily Republic staff | From Page: B1, 1 Comment

    Nadal loses; Sharapova to play all-Russian semi in Australia

    By The Associated Press | From Page: B1

     
    Belichick and The Beast talk but don’t say much at Media Day

    By The Associated Press | From Page: B1

    Deflated topic: air pressure in footballs

    By The Associated Press | From Page: B1, 1 Comment

     
    Rose’s shot lifts Bulls over Warriors 113-111 in overtime

    By The Associated Press | From Page: B1 | Gallery

     
     
    Manfred hopeful of A’s getting new ballpark in Oakland

    By The Associated Press | From Page: B2

    Christina Aguilera to perform ahead of NBA All-Star Game

    By The Associated Press | From Page: B2

     
    Super Bowl, Tiger make Phoenix center of sports universe

    By The Associated Press | From Page: B2

    Long after Twitter feud, Revis, Sherman pledge respect

    By The Associated Press | From Page: B2

     
    The distinctive international flavor of Super Bowl Media Day

    By The Associated Press | From Page: B2

    Serena Williams advances, Venus out of Australian Open

    By The Associated Press | From Page: B2

     
    Getting fired from New England led to Carroll’s reinvention

    By The Associated Press | From Page: B2

    Sharks in ‘dogfight’ to secure playoff berth

    By The Associated Press | From Page: B2

     
    Jury convicts 2 ex-Vanderbilt players of raping woman

    By The Associated Press | From Page: B2

     
    Rio official says there’s ‘no plan B’ for Olympic sailing

    By The Associated Press | From Page: B2

     
    Golfer Allenby stands by story, says truth will come out

    By The Associated Press | From Page: B2

    Tony Stewart returns with a swagger not seen in 2 years

    By The Associated Press | From Page: B2

     
    Shooters find not every basketball is same in college game

    By The Associated Press | From Page: B2

    Patrick heads into 2015 in final season with team, sponsor

    By The Associated Press | From Page: B2

     
    This date in sports history for Jan. 28, 2015

    By The Associated Press | From Page: B4

     
    .

    Business

    FTC clears Albertsons’ purchase of Safeway

    By The Associated Press | From Page: A14

     
    US home price gains slow in November on weaker sales

    By The Associated Press | From Page: A14

    .

    Obituaries

    Clarence E. Morgan

    By Nancy Green | From Page: A4

     
    Julia P. Tan

    By Nancy Green | From Page: A4

    Don Johnson

    By Nancy Green | From Page: A4, 11 Comments

     
    Woodrow Allen Oakley

    By Susan Hiland | From Page: A4

    Donald Wesley Johnson

    By Susan Hiland | From Page: A4

     
    .

    Comics

    Beetle Bailey

    By Daily Republic Syndicated Content | From Page: B5

     
    Baby Blues

    By Daily Republic Syndicated Content | From Page: B5

    Frank and Ernest

    By Daily Republic Syndicated Content | From Page: B5

     
    B.C.

    By Daily Republic Syndicated Content | From Page: B5

    Baldo

    By Daily Republic Syndicated Content | From Page: B5

     
    Blondie

    By Daily Republic Syndicated Content | From Page: B5

    Dilbert

    By Daily Republic Syndicated Content | From Page: B5

     
    Rose is Rose

    By Daily Republic Syndicated Content | From Page: B5

    Get Fuzzy

    By Daily Republic Syndicated Content | From Page: B5

     
    Wizard of Id

    By Daily Republic Syndicated Content | From Page: B5

    Peanuts

    By Daily Republic Syndicated Content | From Page: B5

     
    Zits

    By Daily Republic Syndicated Content | From Page: B5

    Garfield

    By Daily Republic Syndicated Content | From Page: B5

     
    Sally Forth

    By Daily Republic Syndicated Content | From Page: B5

    For Better or Worse

    By Daily Republic Syndicated Content | From Page: B5

     
    Pickles

    By Daily Republic Syndicated Content | From Page: B5

    Bridge

    By Daily Republic Syndicated Content | From Page: B6

     
    Word Sleuth

    By Daily Republic Syndicated Content | From Page: B6

    Sudoku

    By Daily Republic Syndicated Content | From Page: B6

     
    Cryptoquote

    By Daily Republic Syndicated Content | From Page: B6