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Massachusetts ranks 14th for WalletLiteracy ... Together, both buildings are valued at more than $3 million. Barry Krock - Real Estate The DCU Center (former Worcester Centrum) was nearly named the Krock Arena. The Krocks have been a power in banking ...


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Published: Mar 24, 2011 10:53 a.mET Share .st0{fill:#FFFFFF;} .st1{fill:#E12828;} .st2{fill:#FAEAEA;enable-background:new ;} .st3{fill:#FAD4D4;enable-background:new ;} 30-year fixed-rate mortgage averages 4.81% in Freddie Mac survey window.videoDomain = 'https://video-api.wsj.com'; By AmyHoak Editor CHICAGO (MarketWatch) — Mortgage rates rose this week, influenced partly by inflationary data, Freddie Mac’s chief economist said on Thursday The 30-year fixed-rate mortgage averaged 4.81% for the week ending March 24, compared with 4.76% last week and 4.99% a year ago, according to Freddie Mac’s weekly survey of conforming mortgage rates Rates on 15-year fixed-rate mortgages averaged 4.04%, up from 3.97% last week; they averaged 4.34% a year ago Adjustable-rate mortgages were also higher, with the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaging 3.62%, up from 3.57% last week; the ARM averaged 4.14% a year agoAnd 1-year Treasury-indexed ARMs averaged 3.21%, up from 3.17% last week; the ARM averaged 4.2% a year ago To obtain the rates, the fixed-rate mortgages required payment of an average 0.7 point, while the ARMs required payment of an average 0.6 pointA point is equal to 1% of the mortgage amount, charged as prepaid interest “Mortgage rates were up this week compared to last, but still remain at relatively low levels,” said Frank Nothaft, vice president and chief economist of Freddie Mac, in a news release“The rate uptick was related to higher-than-anticipated inflation data for February and ongoing geopolitical concerns “The 12-month growth rate in the consumer price index rose 2.1% in February, compared to 1.6% in January; however, most of the increase was due to food and energy prices, which tend to be volatileThe core index rose 1.1%, slightly up from 1.0%in JanuaryA recovery in the housing market took a setback at the beginning of the year, he saidExisting home sales fell 2.8% in February, compared with February 2010Meanwhile, sales of new homes fell for the second month in a row last month — hitting a record lowRead more: Sales of new U.Shomes tumble 16.9% to record low. More from MarketWatch Wells Fargo says impact from Fed sanctions may reach $400 million 5 high-risk, high-reward stocks to buy on the stock market’s dive State of the Union Address/Democratic Response var SA = SA || []; SA.push({ container: "#sa_calc_85393", version: 1.1, data: { key: "npqzoaaw8ttdneqrelpmx2gdnehdyiog" } }); var smscript = document.createElement('script'); smscript.type = 'text/javascript'; smscript.async = true; smscript.src = 'https://smartasset.com/snippet.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(smscript, s); Related Topics Housing Mortgages Banking U.SEconomy MarketWatch Partner Center Most Popular I want to leave my estranged children money, but my second wife will freak out The Dow’s tumultuous history, in one chart How can I treat my daughters equally when one college education cost far more? 5 high-risk, high-reward stocks to buy on the stock market’s dive The $80 billion fitness industry sees huge growth in this demographic Mortgage Rates Powered by This advertisement is provided by Bankrate, which compiles rate data from more than 4,800 financial institutionsBankrate is paid by financial institutions whenever users click on display advertisements or on rate table listings enhanced with features like logos, navigation links, and toll free numbersDow Jones receives a share of these revenues when users click on a paid placement. Other NewsFrom Our Partners (!) Found: Top 3 Financial Advisors in Your Neighborhood SmartAsset.com Don't Settle for 0.01% on Your Savings Interest - Earn up to 1.50% SmartAsset.com This is the ONLY Way to Find a Top Financial Advisor SmartAsset.com This Free Mortgage Calculator Makes Home Buying a Breeze SmartAsset.com These Banks Offer Over 140x what the Big Banks Offer on Your Savings SmartAsset.com Data Provided By Today's Interest Rates Mortgage Equity Savings Auto Credit Cards 30 yr fixed Jumbo 4.45% 30 yr fixed 4.3% 15 yr fixed 3.63% 10 yr fixed 3.57% 30 yr fixed refi 4.26% 15 yr fixed refi 3.59% 5/1 ARM 4.03% 5/1 ARM refi 4.12% National averages from Bankrate.com $30K HELOC 3.42% $50K HELOC 3.52% $75K HELOC 3.42% $100K HELOC 3.52% $30K Home Equity Loan 5.14% $50K Home Equity Loan 4.84% $75K Home Equity Loan 4.84% $100K Home Equity Loan 4.72% National averages from Bankrate.com 5 yr CD 1.55% 2 yr CD 0.98% 1 yr CD 0.85% MMA $10K+ 0.27% MMA $50K+ 0.42% MMA Savings 0.33% MMA Savings Jumbo 0.46% National averages from Bankrate.com 60 Mo Used Car 3.72% 48 Mo Used Car 3.7% 36 Mo Used Car 3.78% 72 Mo New Car 3.61% 60 Mo New Car 3.7% 48 Mo New Car 3.56% 60 Mo Auto Refi 2.86% 36 Mo Auto Refi 2.52% National averages from Bankrate.com AvgAPR Last Week 6 Months Low Interest 13.09% 13.09% 12.87% Business 13.93% 13.93% 13.68% Balance Transfer 15.64% 15.64% 15.35% Student 15.92% 15.92% 15.64% Airline 16.47% 16.47% 16.06% Reward 16.50% 16.48% 16.21% Cash Back 16.61% 16.60% 16.36% Instant Approval 18.80% 18.76% 18.57% Bad Credit 23.62% 23.59% 23.46% Source: CreditCards.com Amy Hoak Amy Hoak is a MarketWatch editor and columnist based in ChicagoFollow her on Twitter @amyhoak. $(function () { if (typeof dianomiUnitCallback !== 'undefined') { var dianomiCallback = new dianomiUnitCallback('articlerightrail', 2583, 'dianomiRightRail', ', '); dianomiCallback.initialize('dianomiRightRail'); } }); $(function() { if (window.MutationObserver) { // arrive breaks if MutationObserver not supported by browser $("#dianomiRightRail").arrive(".dianomiContent", function () { $("#dianomiRightRail").unbindArrive(); $("#dianomiRightRail").trigger("rendered"); }); } else { // TODO ~ remove; listening to this event causes performance problems $("#dianomiRightRail").on('DOMNodeInserted', function () { $("#dianomiRightRail").off('DOMNodeInserted'); $("#dianomiRightRail").trigger('rendered'); }); } }); Amy Hoak Amy Hoak is a MarketWatch editor and columnist based in ChicagoFollow her on Twitter @amyhoak. 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