Mortgage rates decline - Sep. 23, 1999

Personal Finance > Your Home

Mortgage rates decline

September 23, 1999: 2:08 p.m. ET

Rates fall amid retreating inflation fears, Freddie Mac reports

NEW YORK (CNNfn) - Mortgage rates dropped for the second week in a row, mortgage firm Freddie Mac reported Thursday.
     For the week ending Sept. 23, the average rate on U.S. 30-year fixed-rate mortgages was 7.76 percent, down from last week's 7.82 percent. One year ago, the rate was 6.64 percent.
     Fifteen-year loan rates fell to 7.40 percent from 7.43 percent the week before. The rate for these mortgages averaged 6.32 percent for the same period last year.
     One-year adjustable-rate mortgages were 6.19 percent, down slightly from last week's 6.22 percent. A year ago, the rate was 5.42 percent.
     (Click here to see a breakdown of average mortgage rates by U.S. region.)
     "Mortgage interest rates declined a little more this week as signs of inflation remained absent," said Robert Van Order, Freddie Mac's chief economist.
     Van Order predicted rates would fluctuate through the end of the year, but only in the range of 7.75 percent and 8 percent.

RELATED STORIES
Mortgage rates decline - Sept. 16, 1999 Mortgage rates up slightly - Sept. 9, 1999 Cutting a mortgage charge - Aug. 13, 1999

RELATED SITES
Mortgage Center Freddie Mac Mortgage Calculator Banking & Bank Rate Monitor Track your stocks
Note: Pages will open in a new browser window External sites are not endorsed by CNNmoney

© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy

Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer

Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.