Rates Remain Unchanged

Per MBA for the week of February 12, 2010, the average contract interest rate for 30-year fixed-rate mortgages remained unchanged at 4.94%, with points increasing to 1.09 from 1.06 (including the origination fee) for 80% loan-to-value ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 4.33%, with points increasing to 1.02 from 0.95 (including the origination fee) for 80% LTV loans.