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Article: Mortgage Rates Increase 0.12 Percent
- Article from:
- AP Online
- Article date:
- April 1, 2004
- 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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JEANNINE AVERSA, Associated Press Writer
AP Online
04-01-2004
Dateline: WASHINGTON
Mortgage rates climbed this week, but they are still lower than a year ago and should continue to spur the housing market.
The average rate on benchmark 30-year, fixed-rate mortgages rose to 5.52 percent this week, up from 5.40 percent last week, mortgage giant Freddie Mac reported Thursday in its weekly nationwide survey of mortgage rates.
In mid-June last year, rates on 30-year mortgages sank to 5.21 percent, their lowest level on record. Rates on 30-year mortgages have bounced around since then. A year ago, 30-year mortgages averaged 5.79 percent, 15-year mortgages 5.06 percent and one-year adjustable ...