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Article: 30-Year Mortgage Rates Top 6 Percent
- Article from:
- AP Online
- Article date:
- July 31, 2003
- 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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Dateline: WASHINGTON
Rates on benchmark 30-year mortgages this week broke through the 6
percent mark for the first time this year, rising to the highest level
since early December.
Climbing mortgage rates are slowing refinancing activity and could
turn off some prospective home buyers, economists say.
The average rate on 30-year fixed-rate mortgages for the week ending