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4.71%: Mortgage Rates Fall For Second Week in A Row

  • January 13th 2011

by UrbanTurf Staff

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4.71%: Mortgage Rates Fall For Second Week in A Row: Figure 1

Mortgage rates fell for the second week in a row, with Freddie Mac reporting 4.71 percent as the average on a 30-year fixed rate mortgage this morning, down from 4.77 percent last week.

The two-week drop in rates is resulting in more people refinancing and applying for mortgages. The Mortgage Bankers Association reports that for the week ending January 7th mortgage applications rose 2.2 percent.

Here is a quick mortgage rate timeline over the last 18 months:

  • January 7, 2010 — 4.77%
  • December 17, 2010 — 5.07%
  • December 4, 2010 — 4.46%
  • November 11, 2010 — 4.17%
  • October 7, 2010 – 4.27%
  • July 29, 2010 – 4.54%
  • December 9, 2009 – 4.71%
  • October 14, 2009 – 4.87%
  • August 3, 2009 – 5.25%
  • June 12, 2009 – 5.65%

See other articles related to: freddie mac, interest rates, mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/4.71_mortgage_rates_fall_for_second_week_in_a_row/2837.

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