Friday, November 28, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Average US 30-year mortgage rate at 4.13 percent

Mortgage Rates

This Monday, July 14, 2014, photo shows a home for sale in Alameda, Calif. Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. (AP Photo/Ben Margot)

By
From page HSR2 | July 26, 2014 |

WASHINGTON — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.

Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, edged up to 3.26 percent from 3.23 percent last week.

Mortgage rates are below the levels of a year ago, having 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 rates low.

The government reported Thursday that sales of new homes in the U.S. plunged by 8.1 percent in June, a sign that real estate continues to be a weak spot in the economy. Home sales had been improving through mid-2013, only to stumble over the past 12 months due to a mix of rising prices, higher mortgage rates and meager wage growth.

At 4.13 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. Fed Chair Janet Yellen told Congress last week that the purchases likely will end completely at the end of October.

But at the same time, Yellen said during congressional testimony that the Fed still sees the need to keep its benchmark short-term rate at a record low near zero to give the economy support.

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 0.6 point, unchanged from last week. The fee for a 15-year mortgage rose to 0.6 point from 0.5 point last week.

The average rate on a five-year adjustable-rate mortgage increased to 2.99 percent from 2.97 percent. The fee rose to 0.5 point from 0.4 point.

For a one-year ARM, the average rate was unchanged at 2.39 percent. The fee held at 0.4 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

.

Solano News

 
Solano Turkey Trot draws 2,600 to college

By Ryan McCarthy | From Page: A1 | Gallery

 
 
Il Fiorello schedules olive milling day

By Susan Hiland | From Page: A3

Early Black Friday shoppers take advantage of deals

By Susan Hiland | From Page: A3 | Gallery

 
Eagle Scout project adds floating docks at Rockville Park

By Susan Hiland | From Page: A4 | Gallery

 
.

US / World

‘Guardian angel,’ community join to give man home

By The Associated Press | From Page: A1

 
US celebrates Thanksgiving with parades, turkey

By The Associated Press | From Page: A3 | Gallery

Tons of marijuana seized in Central California

By The Associated Press | From Page: A4, 4 Comments

 
Gorilla death prompts San Francisco Zoo changes

By The Associated Press | From Page: A4, 1 Comment

Health agents still unpaid after plan’s rollout

By The Associated Press | From Page: A4

 
California Burger King employee finds $100,000

By The Associated Press | From Page: A4, 1 Comment

Researchers discover ‘pre-cancers’ in blood

By The Associated Press | From Page: A5

 
At 1 month, US Ebola monitors finding no cases

By The Associated Press | From Page: A5

Families asked to host visitors for pope’s US trip

By The Associated Press | From Page: A5

 
35 arrested in Oakland after protest march

By The Associated Press | From Page: A6

A glance at Ferguson: Then, now and the future

By The Associated Press | From Page: A6, 1 Comment

 
For some, location of Brown’s hands irrelevant

By The Associated Press | From Page: A6, 1 Comment

Ferguson gives thanks after a quiet night

By The Associated Press | From Page: A6

 
Colorado mastodon bones show ancient warmer Earth

By The Associated Press | From Page: A7, 1 Comment

Ebola aid dogged by coordination lags in Guinea

By The Associated Press | From Page: A10

 
Taliban attack rocks upscale Kabul district

By The Associated Press | From Page: A10

Queen of crime writing PD James dies aged 94

By The Associated Press | From Page: A10

 
Small quake rattles California wine country

By The Associated Press | From Page: A12

.

Living

Today in History: Nov. 28, 2014

By The Associated Press | From Page: A2

 
Community Calendar: Nov. 28, 2014

By Susan Hiland | From Page: A2

Movies just another course on Thanksgiving

By Susan Hiland | From Page: A3 | Gallery

 
Poor health is no excuse for not behaving like a caring person

By Kathy Mitchell and Marcy Sugar | From Page: A9

Horoscope for Nov. 28, 2014

By Holiday Mathis | From Page: A9

 
.

Entertainment

Week in preview: Nov. 28 to Dec. 4, 2014

By Amy Maginnis-Honey | From Page: B1

 
Singer John Mayer among ‘Late Late Show’ subs

By The Associated Press | From Page: B2

Review: ‘Horrible Bosses 2′ doesn’t work

By Jake Coyle | From Page: B2

 
Review: ‘Madagascar’ spin-off hatches family fun

By The Associated Press | From Page: B2 | Gallery

Prison theater transforms Colombian inmates

By The Associated Press | From Page: B2

 
Reading Harry Potter gives clues to brain activity

By The Associated Press | From Page: B3

 
Talking songs with She & Him

By Kim Durbin | From Page: B3

Entertainment calendar Nov. 28, 2014

By Amy Maginnis-Honey | From Page: B4

 
Cosby testimony describes accuser’s spiked story

By The Associated Press | From Page: B6

.

Sports

College notebook: Many happy returns for Arizona’s Bondurant

By Paul Farmer | From Page: B7 | Gallery

 
Sherman’s big night leads Seattle past 49ers again

By The Associated Press | From Page: B7, 1 Comment | Gallery

Rookie quarterback Carr is Raiders’ silver lining

By The Associated Press | From Page: B7

 
US cities urged to keep price tags down for 2024

By The Associated Press | From Page: B7

Eagles roll over Cowboys 33-10 for NFC East lead

By The Associated Press | From Page: B8 | Gallery

 
5 investigated in FIFA WCup bid corruption probe

By The Associated Press | From Page: B8

Johnson shines in Detroit’s 34-17 win over Chicago

By The Associated Press | From Page: B8

 
No. 9 UCLA must overcome Stanford for Pac-12 title

By The Associated Press | From Page: B10

Signups for Friday, Nov. 28, 2014

By Paul Farmer | From Page: B10

 
.

Business

Kia’s ‘Soulful’ first electric car

By Ann M. Job | From Page: C1

 
Automakers aim to drive away car computer hackers

By The Associated Press | From Page: C2

3 Reasons holiday shoppers will spend cautiously

By The Associated Press | From Page: B11

 
OPEC keeps oil output on hold despite low prices

By The Associated Press | From Page: B11

.

Obituaries

 
Deanna L. Haines

By Susan Hiland | From Page: A4

Esther Ringler

By Nancy Green | From Page: A4

 
.

Comics

Baby Blues

By Daily Republic Syndicated Content | From Page: A8

 
Baldo

By Daily Republic Syndicated Content | From Page: A8

Wizard of Id

By Daily Republic Syndicated Content | From Page: A8

 
Garfield

By Daily Republic Syndicated Content | From Page: A8

Dilbert

By Daily Republic Syndicated Content | From Page: A8

 
B.C.

By Daily Republic Syndicated Content | From Page: A8

Peanuts

By Daily Republic Syndicated Content | From Page: A8

 
Zits

By Daily Republic Syndicated Content | From Page: A8

Pickles

By Daily Republic Syndicated Content | From Page: A8

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: A8

Sally Forth

By Daily Republic Syndicated Content | From Page: A8

 
Frank and Ernest

By Daily Republic Syndicated Content | From Page: A8

Get Fuzzy

By Daily Republic Syndicated Content | From Page: A8

 
For Better or Worse

By Daily Republic Syndicated Content | From Page: A8

Rose is Rose

By Daily Republic Syndicated Content | From Page: A8

 
Blondie

By Daily Republic Syndicated Content | From Page: A8

Word Sleuth

By Daily Republic Syndicated Content | From Page: A9

 
Sudoku

By Daily Republic Syndicated Content | From Page: A9

Crossword

By Daily Republic Syndicated Content | From Page: A9

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: A9

Bridge

By Daily Republic Syndicated Content | From Page: A9