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May 25, 2005
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Since the government will sell 30-year notes again, it must believe that long-term rates are cheap compared to short-term rates.
But even as the Fed has steadily lifted its benchmark short-term interest rate, mortgage rates have remained low. The average interest rate for a 30-year fixed loan is now 5.71 percent, down from 6.30 percent a year ago, according to Freddie Mac, the government-sponsored mortgage buyer.
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Posted on May 25, 2005 09:33 AM by Mortga80.
Filed in Real Estate under mortgage rates.
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