Mortgage Rates Rise Again
POSTED: 1:08 pm EDT June 29, 2006
UPDATED: 1:25 pm EDT June 29, 2006
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Mortgage interest rates rose for a third straight week, hitting the highest level in more than four years.Mortgage giant Freddie Mac said Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.78 percent this week, up from 6.71 percent last week. It was the highest level for 30-year mortgages since they averaged 6.81 percent the week of May 24, 2002.A competing survey from Bankrate.com reported that the average 30-year, fixed-rate jumped from 6.83 percent to 6.93 percent. On 15-year, fixed-rate mortgages, Freddie Mac reported that this week's average was put at 6.43 percent, compared to last week's 6.36 percent. And on one-year Treasury-indexed adjustable rate mortgages, the finance giant said the average was at 5.82 percent, up from last week's average of 5.75 percent. Rates have been climbing since Federal Reserve Chairman Ben Bernanke expressed concerns earlier this month that inflation was rising at "unwelcome" levels.
Previous Stories:
- June 26, 2006: New Home Sales Take Unexpected Jump
- June 15, 2006: Mortgage Rates Rise On Fed Rate Worries
- June 8, 2006: Long-Term Mortgage Rates Dip
- June 1, 2006: Mortgage Rates Near 4-Year High
- May 19, 2006: Long-Term Mortgage Rates Up Again
- May 4, 2006: Mortgage Rates Up For 6th Week
- March 23, 2006: Mortgage Rates Slide For Second Straight Week
- February 23, 2006: Long-Term Mortgage Rates Fall
- January 19, 2006: Mortgage Rates Fall To 3-Month Low
- November 17, 2005: Mortgage Rates Up Slightly
- November 3, 2005: Long-Term Mortgage Rates Hit 6.3 Percent
- October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
- October 13, 2005: 30-Year Mortgage Rates Top 6 Percent
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