McLEAN, Va. (AP) – April 30, 2010 – Average rates for 30-year fixed mortgages slipped this week, but stayed above 5 percent for the fifth straight week, Freddie Mac said Thursday.
The average rate for 30-year fixed-rate mortgages was 5.06 percent this week.
The last time rates for 30-year fixed mortgages averaged less than 5 percent was the week of March 25, when they were 4.99 percent.
This week, the average rate on a 15-year fixed-rate mortgage was 4.39 percent, unchanged from last week.
Rates on five-year, adjustable-rate mortgages averaged 4 percent, down from 4.03 percent a week earlier. Rates on one-year, adjustable-rate mortgages rose to 4.25 percent from 4.22 percent.
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