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Article: 30-YEAR MORTGAGE RATES IN 2004 SECOND LOWEST THE INTEREST RATE FOR THE FIXED-RATE MORTGAGES AVERAGED 5.84 PERCENT.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- December 30, 2004
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Byline: Jeannine Aversa Associated Press Writer
WASHINGTON -- Mortgage rates around the country moved up this week, but rates on 30-year mortgages for all of 2004 registered their second-lowest year on record.
Freddie Mac's weekly survey, released Wednesday, showed that rates on 30-year, fixed-rate mortgages increased to 5.81 percent this week, compared with 5.75 percent last week.
For all of 2004, rates on benchmark 30-year mortgages averaged 5.84 percent, second only to last year's 5.83 percent, the lowest annual rate in Freddie Mac's record keeping, a Freddie Mac spokeswoman said. The rate came in under 6 percent for the last 22 weeks of this ...