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Mortgage Rates Rise to Five-PercentReported by: Newsroom Solutions
Thursday, Oct 22, 2009 @12:00pm CDT
Mortgage rates have ticked up for the second straight week.
Home funding company Freddie Mac says the rate for a 30-year fixed rate mortgage averaged five-percent for the week that ended October 22nd.
The five-percent rate is a benchmark for many real estate analysts, who expect home loan demand to increase when the rate is under five-percent.
Demand historically declines when the rate tops five-percent.
The Mortgage Bankers Association says home loan demand dipped for the second straight week last week.
The interest rate is still more than a point lower than it was at this time last year. -
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Other Local Stories from KARK 4 NewsSaturday, November 21st, 20098:00 AMReported by: Newsroom SolutionsThousands of children find homes, others still wait.
6:00 AMReported by: KARK 4 NewsAt Statehouse Convention Center in Little Rock from noon to 7:00.
4:00 AMReported by: KARK 4 NewsNormal hours resume Sunday.
2:00 AMReported by: KARK 4 NewsBattle McNeese State in Southland Conference game.
12:00 AMReported by: KARK 4 NewsWatch at 10:00, the only place to see the live drawing.
Friday, November 20th, 20099:45 PMReported by: KARK NewsA candlelight vigil was held to encourage Senator Blanche Lincoln not to vote in favor of healthcare reform
6:51 PMReported by: KARK 4 News51-year-old Alex Reaves is charged with manufacturing and possession of a controlled substance.
6:42 PMReported by: KARK 4 NewsAfter a small pox scare this morning, the River Valley Medical Center is accepting emergency room patients again.
5:36 PMReported by: Lauren Trager, KARK 4 NewsA local group is upset that the Secretary of State denied their request for the second year in a row, to have a display on the Capitol grounds for the holidays.
5:24 PMReported by: KARK 4 NewsWard Three Alderman Cary Gaines resigned, effective today.
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