Mortgage rates held steady over the past week, as homeowners got a boost from the stimulus bill and President Obama unveiled a foreclosure-prevention plan on Wednesday.
The average 30-year fixed mortgage stayed constant at 5.34% for the week ended Feb. 18, according to Bankrate.com.
The average 15-year fixed rate mortgage sank below the 5% threshold to 4.93%;the average jumbo 30-year fixed rate slipped to 6.92% from 6.98%.
Adjustable-rate mortgages were mixed, with the average 1-year ARM falling to 5.47% from 5.67% and the 5/1 ARM holding at 5.37%.
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