The average interest rate on 30-year fixed-rate mortgages remains at the highest level in more than two years.
The average stayed at 7.23 percent for a second straight week, the highest level since November 1997, Freddie Mac said Thursday in its weekly survey.
Rates have fluctuated this year from 6.74 percent at the end of January to 7.23 percent.
Fifteen-year mortgages, a popular refinancing option, averaged 6.84 percent this week, up only slightly from 6.83 percent a week earlier. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 5.73 percent, down from 5.76 percent the previous week.
PERSONNEL . . . Barbara Byrd Keenan was named president of the Community Associations Institute in Alexandria . . . Transwestern Carey Winston appointed Peter M. Prominski senior vice president of the firm's Washington office . . . Trammell Crow Real Estate Services of Washington named Ben R. Butler senior vice president and director of public real estate, handling federal, state and municipal government transactions.
UPCOMING EVENTS . . . The McLean office of Coldwell Banker Stevens Realtors will hold a free career seminar, "Getting Started in Your Real Estate Career," from 9:30 a.m. to 10:30 a.m. today at 6858 Old Dominion Dr., McLean. Call Michael Clarke for an appointment at 703-356-7000 . . . The Housing Association of Nonprofit Developers will hold its annual luncheon meeting and awards ceremony from 11:30 a.m. to 2:30 p.m. June 24 at the Sheraton National Hotel in Arlington. Cost: $20. For information, call 703-998-9661 or send e-mail to firstname.lastname@example.org.
Send realty announcements to Brian Krebs, Real Estate Notes, The Washington Post, 1150 15th St. NW, Washington, D.C. 20071.