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US 30-year mortgage rates averaged 5.84 percent in 2004, holding near last year&#39;s record low and helping drive home sales to all-time highs, Freddie Mac said.
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Investor's Business Daily - The average 30-year fixed rate fell to 6.31% vs. 6.46% the week prior, while average 15-year rates dipped to 5.97% from 6.31%. One-year ARMs fell to 5.66% from 5.74%, Freddie Mac said. The government-sponsored lender said the dip could &quot;give some relief&quot; to borrowers looking to refinance loans or buy a home.
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Mortgage rates inched up last week, but they remained well below the year-high levels set during the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year
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Investor's Business Daily - The 30-year fixed mortgage rate averaged 6.53% in the week ended June 7, up from 6.42% last week and the highest since Aug., Freddie Mac said. It was at 6.62% last year. The 15-year fixed rate rose 0.1 point 15 6.22%. &quot;Mortgage rates climbed this week owing to market concerns of a tight labor force and wage growth,&quot; said Frank Nothaft, Freddie Mac vice president and chief economist. He said housing probably won&#39;t recover before year-end.
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Interest rates on U.S. 30-year and 15-year mortgages edged higher this week amid signs the economy is improving, stoking inflation concerns, mortgage finance company Freddie Mac said on Thursday.
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Interest rates on U.S. 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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Mortgage rates around the country went up last week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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Mortgage rates rose slightly this week, but 30-year fixed-rate mortgage averages this year were the second lowest in 32 years, according to Freddie Mac.
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Mortgage rates rose this week, although 30-year mortgages were still below the 6 percent level for a fourth week, Freddie Mac said Thursday.
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Dow Jones -0,43%, Standard Poor's -0,30%
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Mortgage products aren't the problem. Borrowers are.
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MCLEAN, Va. - Mortgage rates have risen this week, but they remain at the low levels seen for most of this year. Mortgage company Freddie Mac says 30-year fixed-rate mortgages have gone from an average 5.75 percent last week up to 5.81.
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.