Home-loan rates see-saw lowerMarch 22, 2013 @ 9:11 am (Updated: 10:42 am - 3/22/13 )
After rising last week, the 30-year fixed-rate mortgage reversed course and inched back down this week, according to the Freddie Mac weekly mortgage market survey.
The 30-year fixed-rate mortgage - the most popular among homebuyers - has remained below 4 percent for a year.
"Low and stable inflation is placing downward pressure on fixed mortgage rates," said Frank Nothaft, Freddie Mac's chief economist.Here's a closer look at mortgage rate averages for the week ending March 21:
30-year fixed-rate mortgages: averaged 3.54 percent, dropping from last week's 3.63 percent average. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.08 percent.
15-year fixed-rate mortgages: averaged 2.72 percent, dropping from last week's 2.79 percent average. Last year at this time, 15-year rates averaged 3.30 percent.
5-year adjustable-rate mortgages: averaged 2.61 percent, holding the same as last week. Last year at this time, 5-year ARMs averaged 2.96 percent.
1-year ARMs: averaged 2.63 percent, dropping from last week's 2.64 percent average. Last year at this time, 1-year ARMs averaged 2.84 percent.
Flight of Her Life
Julie Spencer went from her father's funeral to the state championship in the same day
Inspections reveal surprising number of cracks and movement on Seattle's viaduct
A Tacoma furniture store writes the checks for Percy Harvin's Super Bowl kick return
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.