Ch.15-Web Assignment-pg425 - • 4.95 b What was the...

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Chapter 15: Mortgage Calculations and Decisions Robb Page 16-Mar-2010 FIN 497: Real Estate Principles Professor Clements Explore the Web – page 425. 1. Visit click on Primary Mortgage Market Survey then Compilation Weekly Surveys. a. What was the average interest rate charged on 30-year fixed-rate residential mortgages last week?
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Unformatted text preview: • 4.95% b. What was the average 15-year fixed-rate? • 4.32% c. What was the one-year ARM rate? • 4.22% d. Do these figures represent an increase or decrease over the previous week’s rates? Comparing between the week of March 11, 2010 and the week of March 4, 2010, these figures represent a decrease. See Attachment. 1...
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