Mortgage Rates Fall Slightly Nationally - Unchanged in RI
Monday, January 03, 2011
According the LendingTree Weekly Mortgage Rate Pulse, on December 28, average home loan rates offered by LendingTree network lenders remained the same in Rhode Island since the last report.
Average mortgage rates fell slightly week-over-week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders.
On December 28, average home loan rates offered by LendingTree network lenders were 5.16 percent (5.40% APR) for 30-year fixed mortgages, 4.46 percent (4.83% APR) for 15-year fixed mortgages and 4.07 percent (4.13% APR) for 5/1 adjustable rate mortgages (ARM). Rates for 30- and 15-year fixed mortgages fell slightly week-over-week, while 5/1 ARM rates rose.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTIn Rhode Island:
Lowest Mortgage Rate: 4.63% (4.82% APR)
Loan to Value Ratio: 62%
Percent (%) with Negative Equity: 20.3
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