Business
Business

Mortgage rates at another low

By Christopher Quinn
May 17, 2012

Average interest rates for 30-year fixed-rate mortgages dropped from 3.91 in April to 3.79 percent  for the week ending May 17, according to Freddie Mac, the government sponsored loan buyer and consolidator. Last year at this time, the rate was 4.61 percent.

Rates for 15-year fix mortgages was even lower at 3.04 percent. A year ago at this time, the 15-year rate averaged 3.80 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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