Ryan N.

asked • 02/20/21

What was the average 30-year fixed mortgage rate in the first week of May in 2011 (t = 1)? (Round your answer to two decimal places.)

Mortgage Rates

 The average 30-year fixed mortgage rate in the United States in the first week of May in 2010 through 2012 is approximated by


M(t)= 55.9 / t^2-0.31t+11.2


percent per year. Here t is measured in years, with t = 0

 corresponding to the first week of May in 2010.



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