Bad Credit Mortgage Refinance ®
		Home Page Mortgage News You Can Use Freddie Mac 30Y Mtge Rate Average 5.66% This Week Vs 5.72% Thursday February 12, 11:35 am ET NEW YORK -(Dow Jones)- Average mortgage rates eased slightly this week from the previous week as Federal Reserve Chairman Alan Greenspan, in his semiannual testimony to Congress, confirmed that rates will remain on hold for some time to come. The 30-year fixed mortgage rate averaged 5.66% for the week ending Feb. 12, down from 5.72% in the previous week, according to Freddie Mac's (NYSE: FRE - News ) primary mortgage market survey. A year ago, the 30-year fixed mortgage rate stood at 5.86%. Fees and points totaled 0.7 point, up from 0.6 point a week ago and 0.6 point a year ago. The 15-year fixed mortgage rate slipped to 4.96% from 5.03% this week, with fees and points at 0.7 point, up from 0.6 point a week ago. A year ago, 15-year mortgage rates averaged 5.26% and fees and points stood at 0.6 point. The one-year Treasury-indexed adjustable-rate mortgage averaged 3.57%, down from 3.61% a week ago and 3.89% a year ago. Fees and points stood at 0.7 point, up from last week's 0.6 point but unchanged from a year ago. "Greenspan led the markets to believe that the Fed's actions would be on hold until there was more-than-sufficient growth in the economy to warrant a change in monetary policy," Frank Nothaft, Freddie Mac chief economist, said in a statement. "As a result, mortgage rates not only experienced no upward pressure this week, rates even eased slightly. And since we don't see mortgage rates rising to more than 6.25% at best this year, we expect housing will continue to contribute significantly to consumer spending, which is the largest element of the national economy," he said. -By Madeleine Lim, Dow Jones Newswires; 1 201 938 2009; madeleine.lim@dowjones.com Back to Original Article: News You Can Use   Continue with: Greenspan says expects US productivity to slow Retail Sales Dip 0.3 Percent in January Greenspan Senate Testimony Mirrors House Assessment U.S. sales down, jobless claims up in latest data U.S. Treasuries, Thursday, Feb 12 Foreign fund inflows to Japan soar in January Greenspan says must provide skills for better jobs Retail Sales Excluding Autos in U.S. Rise 0.9 Percent, Most in 5 Months Mortgage Rates at a Near Standstill U.S. mortgage rates unchanged Wednesday - BestInfo Budget deficits a risk to low interest rates, Greenspan says Bad Credit Home Loan Secrets Officials order new mutual fund reforms Greenspan provides fuel for dollar decline Dollar, gold mixed in Europe U.S. Treasury Bond Prices Higher
		Bad Credit Mortgage Refinance