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Article: In Brief: Rates Crept Up Last Week, Freddie Says.(Freddie Mac mortgage rates)(Brief Article)(Statistical Data Included)
- Article from:
- American Banker
- Article date:
- February 4, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. 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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Mortgage rates rose slightly last week, according to Freddie Mac's weekly rate survey.
The average rate for 30-year fixed rate loans crept up 6 basis points from the previous week but fell 7 basis points from a year earlier, to 7.02%. The 15-year fixed-rate averaged 6.51% last week, up 7 basis points from the previous week but down 15 from a year ...