The average interest rate in the U.S. for a 30-year, fixed-rate mortgage loan declined to 5.06 percent from 5.07 percent the previous week, Bloomberg.com reported April 29, 2010.
The Mortgage Bankers Association released the data.
The average 15-year interest rate stood at 4.39 percent.
U.S. mortgage applications declined 2.9 percent, Bloomberg.com reported April 28, 2010.
Mortgage applications to refinance declined 8.8 percent; however, purchases applications climbed 7.4 percent to the highest level since October 2009, the month before the 2009 first-time home tax credit was due to lapse.
There are many mortgage calculators online to figure out home loan payments.