  |
Long-Term Mortgage Rates Hit 6.3 Percent
Posted: 1:40 pm EST November 3, 2005Updated: 1:50 pm EST November 3, 2005
WASHINGTON -- Mortgage rates rose again during the past week. Freddie Mac reported Thursday that the average for 30-year fixed mortgage rates stood at 6.31 percent -- up from 6.15 percent a week ago.It was the highest level since 30-year mortgages were at 6.32 percent in June 2004.A competing survey from Bankrate.com had 30-year fixed-rate mortgages increasing from 6.24 percent to 6.37 percent. The average for 15-year fixed-rate mortgages, which are popular for refinancing, rose to 5.85 percent, according to Freddie Mac. A week ago, it stood at 5.69 percent. Freddie Mac chief economist Frank Nothaft said news of an economy growing at a pace that's faster-than-expected gave financial markets a jolt and pushed mortgage rates higher again this week.
Previous Stories:
- November 1, 2005: Fed Raises Rates For 12th Straight Time
- October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
- October 13, 2005: 30-Year Mortgage Rates Top 6 Percent
- October 6, 2005: Mortgage Rates Rise On Inflation Jitters
- September 29, 2005: Rates On 30-Year Mortgages Hit 5-Month High
- September 15, 2005: Mortgage Rates Inch Higher
- September 8, 2005: Rates On 30-Year Mortgages Hold Steady
- August 18, 2005: Mortgage Rates Ease Slightly
- August 11, 2005: Mortgage Rates Close In On 6 Percent
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Where Should We Go For Dinner?
Post An Ad, Shop Online
Find Great Deals At Half Off
The 4 Keys To Women’s Health
Search Local Dealers Online
Check Out The Top 10 Home Updates
