Weekly Interest Rate Changes

This chart shows the change in weekly interest rates from January of 2008 forward based on the Freddie Mac Primary Mortgage Market Survey of approximately 125 lenders. Freddie Mac’s survey is viewed as the best indicator of interest rate trends.

·       Interest Rates down to 4.71% from 4.78% last week.

·       Refinance Loans were 62.7% of Loan Applications.

·       Average Interest Rate for 2010 was 4.69%.

·       Average Interest Rate for 2009 was 5.04%.

·       Average Interest Rate for 2008 was 6.03%.

·       Average Interest Rate for 2007 was 6.34%.