Mortgage Rates edge up
By Martin Crutsinger
Associated Press
WASHINGTON – Interest rates on 30-year mortgages edged up slightly two weeks ago as fears about the Federal Reserve’s next rate moves lessened a bit.
Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.79 percent last week, up from 6.78 percent two weeks ago.
It was the fourth weekly increase and put rates at the highest level for 30-year mortgages since they averaged 6.81 percent the week of May 24, 2002.
Associated Press
WASHINGTON – Interest rates on 30-year mortgages edged up slightly two weeks ago as fears about the Federal Reserve’s next rate moves lessened a bit.
Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.79 percent last week, up from 6.78 percent two weeks ago.
It was the fourth weekly increase and put rates at the highest level for 30-year mortgages since they averaged 6.81 percent the week of May 24, 2002.
