OTHER NEWS - Oct. 5, 1991
- Share via
From Times Staff and Wire Reports
Mortgage Rates Dip: Fixed-rate mortgages averaged 8.87% this week, the lowest in more than 14 years, according to a national survey released by the Federal Home Loan Mortgage Corp. The rate, down from 8.92% last week, was the lowest since June 17, 1977, when it was 8.85%. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 6.74%, down from 6.83% last week and the lowest since Freddie Mac began tracking ARMs in 1984.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.