Mortgage rates end the year above 5 percent
Jan 5th, 2010 | By Gregory Arzumanov | Category: Financial NewsMcLEAN, Va. Jan. 4, 2009 Mortgage rates rose for the fourth straight week, ending the year above 5 percent.
The average fixed rate on a 30-year mortgage was 5.14 percent last week, up from 5.05 percent one week earlier, Freddie Mac said Thursday.
Mortgage rates are closely tied to yields on long-term government debt. The [...]