Long-Term Mortgage Rates Hit 6.3 Percent
POSTED: Thursday, November 3, 2005
UPDATED: 1:50 pm EST November 3,
2005
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WASHINGTON -- Mortgage rates rose again during the past week. Freddie Mac reported Thursday that the average for 30-year fixed mortgage rates stood at 6.31 percent -- up from 6.15 percent a week ago.It was the highest level since 30-year mortgages were at 6.32 percent in June 2004.A competing survey from Bankrate.com had 30-year fixed-rate mortgages increasing from 6.24 percent to 6.37 percent. The average for 15-year fixed-rate mortgages, which are popular for refinancing, rose to 5.85 percent, according to Freddie Mac. A week ago, it stood at 5.69 percent. Freddie Mac chief economist Frank Nothaft said news of an economy growing at a pace that's faster-than-expected gave financial markets a jolt and pushed mortgage rates higher again this week.
Previous Stories:
- November 1, 2005: Fed Raises Rates For 12th Straight Time
- October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
- October 13, 2005: 30-Year Mortgage Rates Top 6 Percent
- October 6, 2005: Mortgage Rates Rise On Inflation Jitters
- September 29, 2005: Rates On 30-Year Mortgages Hit 5-Month High
- September 15, 2005: Mortgage Rates Inch Higher
- September 8, 2005: Rates On 30-Year Mortgages Hold Steady
- August 18, 2005: Mortgage Rates Ease Slightly
- August 11, 2005: Mortgage Rates Close In On 6 Percent
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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