ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, February 16, 1991                   TAG: 9102160319
SECTION: BUSINESS                    PAGE: A8   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

MORTGAGE RATES NEAR LOW FOR FOUR YEARS

Interest charges for 30-year, flat-rate mortgages averaged 9.25 percent this week, down from 9.36 percent last week and their lowest in nearly four years, according to a national survey released by the Federal Home Loan Mortgage Corp.

Charges for 30-year, fixed-rate mortgages were at their lowest since falling to 9.07 percent for the week ending March 27, 1987.

On one-year, adjustable-rate mortgages, lenders were asking an average initial rate of 7.59 percent, down from 7.68 percent last week and the lowest since 7.56 percent for the week ending May 18, 1988.

- Associated Press 


 by CNB