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Tag: rates

Posted on February 10, 2011

Mortgage rates break 5%

By Les Christie, staff writerFebruary 10, 2011: 2:49 PM ET

chart_rising_mortgage_rates2.top.gif

NEW YORK (CNNMoney) — It’s time to say hello to 5% loans.

The national average interest for a 30-year, fixed-rate mortgage surpassed 5% for the first time since May 2010, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading “Mortgage rates break 5%”

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