Interest rates drop for 3rd consecutive week; remain at 3-month low

Dennis Norman

Dennis Norman

According to Freddie Macs weekly mortgage market survey the interest rate on home mortgages dropped for the third-consecutive week and remains at a three-month low in the US.

St. Louis is included in Freddie Mac’s Southwest Region in which the survey shows the interest rate on a 30 year fixed rate mortgage for the week ending September 17, 2009, averaged 5.05 percent with 0.6 percent in fees and points.

Freddie MacThe interest rate on a 15-year fixed rate mortgage averaged 4.54 percent with 0.5 percent in fees this week.  The interest rate on a five-year ARM averaged 4.47 percent with 0.5 percent in fees this week and the rate on a one-year ARM averaged 4.88 percent with 0.3 percent in fees.

“Low mortgage rates are aiding new home construction. Housing starts for single family homes have increased consecutively over the five past months ending in July, although starts eased slightly in August. Moreover, homebuilder confidence improved for the third straight month in September, with all four regions showing positive gains, according the National Association of Home Builder’s Housing Market Index.”

Freddie Mac Interest Rate Survey Results September 17, 2009

Print Friendly, PDF & Email

9 comments to Interest rates drop for 3rd consecutive week; remain at 3-month low

  • It’s a pity you don’t have a donate button! I’d without a doubt donate to this fantastic blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this blog with my Facebook group. Chat soon!

  • Hi there, just became alert to your blog through Google, and found that it’s really informative. I am gonna watch out for brussels. I’ll appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers!

  • I was curious if you ever thought of changing the page layout of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two images. Maybe you could space it out better?

  • Link exchange is nothing else however it is just placing the other person’s web site link on your page at suitable place and other person will also do same for you.|

  • If some one needs to be updated with latest technologies then he must be go to see this web page and be up to date every day.|

  • … [Trackback]

    […] Here you can find 10114 additional Information on that Topic: […]

  • Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2

  • Would love to incessantly get updated outstanding web site! .

  • It’s truly a great and helpful piece of info. I am happy that you just shared this useful info with us. Please keep us up to date like this. Thanks for sharing.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>