Business
Business

Home interest rates up from all-time low

By Christopher Quinn
Nov 3, 2011

Interest rates for home loans dropped a bit in early November, according to the Mortgage Bankers Association.

The average rate for 30-year fixed-rate mortgages for home loans with a balance of less than $417,0000 were hovering at 4.31 percent in late October. Rates had dropped to an all-time low of less than 4 percent for a few days in the month.

Interest rates for 15-year mortgages remained low, at about 3.6 percent.

--Christopher Quinn

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

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