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Article: Freddie Mac: 30-Yr. Mortgage Rates to Rise
- Article from:
- AP Online
- Article date:
- February 16, 2006
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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MARTIN CRUTSINGER, AP Economics Writer
AP Online
02-16-2006
Dateline: WASHINGTON
Rates on 30-year mortgages edged up for a fourth straight week, rising to the highest level in two months, Freddie Mac reported Thursday.
The giant mortgage company said its nationwide survey showed that rates on 30-year mortgages rose to 6.28 percent, up from 6.24 percent last week.
It was the fourth consecutive increase and left the 30-year mortgage at the highest level since it stood at 6.30 percent the week of Dec. 15. Rates on 30-year mortgages had dropped as low as 6.10 percent in mid-January before beginning their latest increase.
Economists believe the path of mortgage rates this year will be heavily ...