Mortgage Rates Up Slightly
POSTED: Thursday, November 17, 2005
UPDATED: 2:24 pm EST November 17,
2005
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WASHINGTON -- Mortgage interest rates rose for a 10th straight week and remained at their highest since September 2003. Freddie Mac said Thursday that the average for 30-year, fixed-rate mortgages stood at 6.37percent. That was compared to 6.36 percent last week. A year ago, the 30-year stood at 5.74 percent.A competing survey from Bankrate.com had the average 30-year fixed-rate mortgage remaining at 6.42 percent. The average for 15-year fixed mortgages was at 5.90 percent, also up slightly. For one-year adjustable-rate mortgages, the average was put at 5.20 percent.That was compared to 5.12 percent last week. The average for the one-year ARM stood at 4.17 percent a year ago.Inflation concerns have pushed mortgage rates higher over the past two months, but those concerns eased somewhat this week, according to Bankrate.com. The release of both the Producer Price Index and Consumer Price Index calmed fears that inflation might be getting out of hand.
Previous Stories:
- November 17, 2005: Housing Boom Slows In October
- November 11, 2005: 30-Year Mortgages Climb Again
- November 11, 2005: Republican Says Mortgage Deduction Changes Won't Pass
- November 3, 2005: Long-Term Mortgage Rates Hit 6.3 Percent
- 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 22, 2005: Survey: $1.7M Difference For Same Size Home
- 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
- July 28, 2005: Mortgage Rates Rise For Fourth Straight Week
- June 23, 2005: Mortgage Rates Keep Sliding
- June 2, 2005: Mortgage Rates Drop Again
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 This material may not be published, broadcast, rewritten or redistributed.
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