TOM PLANT'S HOUSTON REAL ESTATE BLOG

The 30-year fixed mortgage rate fell to a new low of 4.54 percent this week from 4.56 percent last week and an average of 5.25 percent a year ago.

The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The five-year adjustable-rate mortgage averaged 3.76 percent, compared to 3.79 percent last week and 4.75 percent a year earlier; and one-year ARMs averaged 3.64 percent, down from 3.7 percent and 4.80 percent, respectively.

MY BLOG HAS BEEN NOMINATED AS BEST IN HOUSTON BY ZILLOW.COM – PLEASE CLICK ON THE LINK AND VOTE -  http://www.zillow.com/homes/for_sale/Houston-TX/#poll

Source: The Wall Street Journal, Nathan Becker (07/30/10)

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Tags: Houston Texas, Mortgage Interest Rate, Tom D. Plant, Tom Plant

This entry was posted on Friday, July 30th, 2010 at 6:01 PM and is filed under Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.