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Article: U.S. rates on 30-year mortgages decline to 6.34 percent
- Article from:
- Xinhua News Agency
- Article date:
- March 16, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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U.S. rates on 30-year mortgages decline to 6.34 percent
WASHINGTON, March 16 (Xinhua) -- Rates on 30-year mortgages across
the United States declined slightly this week after having jumped to
the highest level in more than two years the previous week, Freddie
Mac reported Thursday.
According to the mortgage company's nationwide survey, rates on 30-
year, fixed-rate mortgages averaged 6.34 percent in the week ending
March 16, the second highest point since mid-November.
This week's rate was down slightly from 6.37 percent last week,
the highest level since 30-year mortgages averaged 6.44 percent the
week of Sept. 5, 2003.