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What is the average interest rate for a mortgage in 2010?

The average interest rate on a $30,000 mortgage in 2010 is 8.05%. This average rate generally applies to most loan amounts however exceptions have been documented. This rate may vary greatly depending on time of year, location, company, and credit rating. Also remember that changes to the global, national and local economies have a direct or indirect effect on mortgage interest rates.

by Kathy Taylor on Sun, 01/17/2010 - 09:23

Cost and Price Reference Series

Find out the cost of many of life's important purchases here, in our cost and price reference series.

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