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Article: Bankrate: Economic News Pushes Mortgage Rates Higher.
- Article from:
- PR Newswire
- Article date:
- February 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Feb. 16 /PRNewswire-FirstCall/ -- Both fixed and adjustable mortgage rates increased for the fourth consecutive week. The average 30-year fixed rate mortgage increased from 6.32 percent to 6.37 percent, according to Bankrate.com's weekly national survey of large lenders. The 30-year fixed rate mortgages in this week's survey had an average of 0.37 discount and origination points.
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The average 15-year fixed mortgage rate climbed from 5.95 percent to 6.02 percent, while the average jumbo 30-year fixed rate rose to 6.58 percent from 6.51 percent. Adjustable rate mortgages increased at ...