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Long-Term Mortgage Rates Fall
Posted: 11:45 am EST February 23, 2006Updated: 11:54 am EST February 23, 2006
MCLEAN, Va. -- Mortgage giant Freddie Mac said Thursday that mortgage interest rates edged down this week for the first time in five weeks. The survey of 30-year, fixed-rate mortgages averaged 6.26 percent, down from 6.28 percent. A year ago, the average stood at 5.69 percent.A competing survey from Bankrate.com found that 30-year, fixed-rate mortgage rates fell to 6.34 percent. The average for 15-year fixed mortgages was also slightly lower at 5.89 percent. It stood at 5.91 percent last week. On one-year Treasury-indexed adjustable-rate mortgages, the average was 5.32 percent. That's down from 5.36 percent last week. Freddie Mac chief economist Frank Nothaft said the slight dip reflects this week's figures on core inflation.The Consumer Price Index report indicated that rising energy costs were not causing a large uptick in broader inflation.
Previous Stories:
- February 9, 2006: Realtors Predict Falling Home Sales, Rising Mortgage Rates
- January 31, 2006: Fed Raises Rates As Greenspan Exits
- January 19, 2006: Mortgage Rates Fall To 3-Month Low
- December 13, 2005: Fed Lifts Rates 13th Straight Time
- November 17, 2005: Mortgage Rates Up Slightly
- November 11, 2005: 30-Year Mortgages Climb Again
- November 3, 2005: Long-Term Mortgage Rates Hit 6.3 Percent
- November 1, 2005: Fed Raises Rates For 12th Straight Time
- October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
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 This material may not be published, broadcast, rewritten or redistributed.
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