|
|
Article: Bankrate: Mortgage Rates Rebound.
- Article from:
- PR Newswire
- Article date:
- January 31, 2008
CopyrightCOPYRIGHT 2008 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)
|
NEW YORK, Jan. 31 /PRNewswire-FirstCall/ -- After the sharpest four-week decline in more than 18 years, mortgage rates bounced back, with the average conforming 30-year fixed mortgage rate now 5.88 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO )
The average 15-year fixed rate mortgage popular for refinancing jumped to 5.38 percent, and the average jumbo 30-year fixed rate leapt to 7.03 percent. Adjustable mortgage rates were no different, with the average one-year ARM ...