Mortgage Rates Keep Going And Going And…
Posted on April 21, 2006
Filed Under Mortgage Rates, Mortgage Updates
It seems that week after week there are reports of mortgage rate increases and there are. Almost every week in the last four years there has been a rise in the rates and it doesn’t look as though it will end anytime soon.
Freddie Mac, the mortgage company, reported Thursday that for the week ending April 20, rates on 30-year, fixed-rate mortgages averaged 6.53%, up from 6.49% last week.
This week’s rate was the highest since the week ending July 12, 2002, when 30-year mortgage rates stood at 6.54%.
Mortgage rates rose as Wall Street investors fretted that inflation might pick up, analysts said. These worries were fanned by government reports released earlier this week showing big increases in both wholesale and consumer prices for March.
Source: USAToday
Comments
Leave a Reply