graphic
Personal Finance > Your Home
Mortgage rates remain steady
May 27, 1999: 1:28 p.m. ET

Rates little changed as housing market remains robust, Freddie Mac reports
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - Mortgage rates experienced little movement this week, mortgage firm Freddie Mac reported Thursday.
     For the week ending May 28, the average rate on U.S. 30-year fixed mortgages was unchanged at 7.23 percent. A year ago, rates averaged 7.07 percent.
     Fifteen-year loans hit their highest levels since May 1998, climbing slightly to 6.84 percent from 6.83 percent the week before. The rate for these mortgages averaged 6.72 percent for the same period last year.
     One-year adjustable rate mortgages fell to 5.73 percent from 5.76 percent. A year ago, the rate was 5.70 percent.
     Freddie Mac's deputy chief economist said the housing market continues to be strong.
     "With mortgage rates low and consumer confidence high, Freddie Mac economists expect the housing market to remain strong in the months ahead," Frank Nothaft said.Back to top

  RELATED STORIES

Make your house work for you - May 21, 1999

Mortgage rates climb sharply - May 20, 1999
  RELATED SITES

Freddie Mac

Bank Rate Monitor

Mortgage Calculator

Track your stocks

Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council