Mortgage Rates Reach 4-Year High
POSTED: 1:20 pm EDT July 20,
2006
UPDATED: 1:48 pm EDT July 20,
2006
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WASHINGTON -- Rates on 30-year mortgages rose this week to the highest level since the spring of 2002. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.80 percent, up from 6.74 percent last week. The increase pushed 30-year rates to the highest level since they stood at 6.81 percent the week of May 24, 2002. On 15-year fixed-rate mortgages, the average was put at 6.41 percent, up from 6.37 percent. One-year Treasury-indexed adjustable-rate mortgages stood at 5.80 percent.Freddie Mac said that was up from 5.75 percent. The rise in mortgage rates this week was blamed in part on further increases in inflation, including a 0.3 percent increase in core inflation as measured by the consumer price index, which was reported on Wednesday.
Previous Stories:
- July 13, 2006: Mortgage Rates Dip After 5-Week Rise
- July 6, 2006: Mortgage Rates Inch Higher Again
- June 29, 2006: Mortgage Rates Rise Again
- 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
- December 1, 2005: Hot Home Prices Cool Slightly
- November 17, 2005: Mortgage Rates Up Slightly
- November 11, 2005: 30-Year Mortgages Climb Again
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