Business
Business

Mortgage rates stay low

By Christopher Quinn
May 10, 2012

Average fixed mortgage rates hit record lows for a second consecutive week, according to Freddie Mac.

Thirty-year fixed mortgages averaged 3.83 percent as of May 10, down from 3.84 the week before. Also dropping were 15-year mortgage rates, which averaged 3.05 percent. A year ago at this time those rates averaged 3.82 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.

Follow Christopher Quinn on twitter
More Stories

Keep Reading

Co-founder and president of the newly formed Georgia Skyline Bank, Ryan C. Floyd, was a SVP at The Piedmont Bank. (Courtesy of Georgia Skyline Bank)

Credit: sour

Why a metro Atlanta investor group is starting a new bank

A group of longtime community bankers is attempting to start Georgia Skyline Bank, based in Roswell.

1h ago

Grants from the Fox Theatre will help renovate venues across Georgia

The grant money doesn’t come from donations or through fundraising. It comes from ticket revenues generated by shows at the Fox Theatre in Atlanta.

2h ago

Atlanta’s short-term rentals are starting to fill up for the World Cup

Airbnb is predicting about 6,000 guests will stay with Atlanta hosts during the World Cup, representing about 45,000 guest nights.

The Latest

A new kind of hybrid, called e-Power, is coming to the U.S. from Nissan. Courtesy of Nissan

Credit: Courtesy of Nissan

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Featured

Jo'wan Bellamy taught in the GNETS program for 17 years and recently transferred to Atlanta’s new behavioral program at Crawford Long Middle School. (Arvin Temkar/AJC)

Credit: arvin.temkar@ajc.com

Georgia districts forge their own way as troubled program faces a crossroads

School districts are dropping out of GNETS to serve students with emotional and behavioral disabilities.

Ex-Truett McConnell VP indicted in case tied to sex abuse probe

A White County grand jury has indicted a former Truett McConnell University vice president, accusing him of lying to a county sheriff investigator.

Dickens asks top donors for $250K to help fund inauguration events

Atlanta Mayor Andre Dickens is soliciting up to $250,000 from top donors to sponsor three days of events celebrating his second-term inauguration.