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Article: U.S. rates on 30-year mortgages rise to 6.59 percent
- Article from:
- Xinhua News Agency
- Article date:
- May 4, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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U.S. rates on 30-year mortgages rise to 6.59 percent
WASHINGTON, May 4 (Xinhua) -- U.S. rates on 30-year fixed-rate
mortgages climbed up this week for the sixth consecutive week to
their highest level in nearly four years, mortgage giant Freddie Mac
reported Thursday in its weekly nationwide survey.
In the week ending May 4, rates on 30-year fixed-rate mortgages
averaged 6.59 percent, slightly up from 6.58 percent last week,
according to the survey.
This week's rate was the highest point since the week to June 20,
2002, when 30-year mortgage rates stood at 6.63 percent.
The survey also showed that rates on 15-year, fixed-rate
mortgages, a popular choice ...