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Home-loan rates remained near three-month lows this week and dipped even closer to the 5 percent threshold,Freddie Mac reported in its survey this past week. According to the firm,average interest on 30-year fixed loans fell to 5.04 percent from 5.07 percent a week earlier;while 15-year mortgages averaged 4.47 percent,down from 4.5 percent the prior week. Five-year adjustable-rate mortgages held steady at 4.51 percent,while one-year ARMs dropped to 4.58 percent from 4.64 percent. Freddie Mac economist Frank Nothaft believes the pattern of decline could lead the survey to a record annual low for 2009.
[SOURCES:Freddie Mac;Information,Inc.]
