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Mortgage rates remain below 5 percent

Average 30-year fixed rates at 4.71 percent, slightly up from record low

  Latest interest rates
MortgageHome EquitySavingsAutoCredit Cards
See today's average mortgage rates across the country.
Loan typeToday+/-Last week
30-year fixed
5.07%
5.01%
15-year fixed
4.55%
4.51%
30-year fixed jumbo
5.86%
5.88%
5/1 ARM
4.19%
4.30%
7/1 ARM
4.63%
4.61%
See today's average home equity rates across the country.
Loan typeToday+/-Last week
$30K HELOC
5.19%
5.20%
$30K home equity loan
8.34%
8.32%
$75K home equity loan
8.25%
8.22%
$50K home equity loan
8.22%
8.19%
$50K HELOC
4.93%
4.93%
See today's savings rates across the country.
Savings typeToday+/-Last week
Money market
.90%
.95%
$10K money market
.98%
1.03%
Six-month CD
1.05%
1.06%
One-year CD
1.51%
1.53%
Five-year CD
2.47%
2.55%
See today's average auto rates across the country.
Loan typeToday+/-Last week
48-month new car loan
6.82%
6.79%
36-month used car loan
7.17%
7.15%
36-month new car loan
6.70%
6.67%
60-month new car loan
6.86%
6.83%
72-month new car loan
6.12%
6.12%
See today's average credit card rates across the country.
Card typeFixedVariable
Standard13.47% 11.48%
Gold12.13% 9.90%
Platinum11.03% 12.21%
All12.34% 11.68%
  Market update
Quotes delayed 15+ min.
Homebuilder outlook dips despite tax credit
  The National Association of Home Builders said Tuesday its housing market index fell by one point to 16 this month, reflecting concern that job losses will stifle demand for new homes.

updated 5:29 p.m. ET Dec. 10, 2009

Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday.

The average fixed rate on 30-year mortgages was 4.81 percent, up from a record-low 4.71 percent last week. Last year at this time, the average fixed rate for 30-year mortgages was 5.47 percent.

The Federal Reserve has kept rates around 5 percent this year by purchasing $1.25 trillion in mortgage-backed securities in an effort to make home buying more affordable and bolster the housing market.

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Low rates are leading more homeowners to call their brokers. Mortgage applications to buy a home rose 4 percent last week, while refinance applications jumped 11 percent from the prior week, the Mortgage Bankers Association said.

Freddie Mac collects mortgage rates each week from lenders around the country. Rates often fluctuate, even within a given day.

The average rate on a 15-year fixed mortgage rose to 4.32 percent, from a record low of 4.27 percent last week.

Rates on five-year, adjustable-rate mortgages averaged 4.26 percent, up from last week's 4.19 percent. Rates on one-year, adjustable-rate mortgages were 4.24 percent, down from 4.25 percent.

The rates do not include add-on fees known as points. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 point for 30-year and one-year loans. The fee averaged 0.6 point for 15-year loans and 0.5 point for five-year mortgages.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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