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March 27, 2005
Mortgage Rates
Home sales have not slowed down even though mortgage rates continue to climb.
Rising mortgage rates have now crossed a threshold.
Mortgage company Freddie Mac says 30-year mortgage rates have climbed for the sixth straight week and are now averaging more than six percent for the first time in eight months. This week's survey puts the average for 30-year fixed-rate mortgages at 6.01 percent, up from 5.95 last week.
A competing report from Bankrate-dot-com has rates taking an even steeper jump, to 6.15 percent.
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Posted on March 27, 2005 12:59 AM by Mortga80.
Filed in Mortgage Calculator under mortgage rates.
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