Mortgage Rates to 6.58%
"WASHINGTON — Rates on 30-year mortgages rose for the fifth consecutive week, hitting their highest level in nearly four years, a nationwide survey of rates reported Thursday.
Mortgage giant Freddie Mac said rates on 30-year fixed-rate mortgages averaged 6.58 percent this week, compared with 6.53 percent last week.
The new rate was the highest since 30-year mortgages stood at 6.63 percent the week of June 20, 2002."
posted by Little_Silvered at 8:27 AM
2 Comments:
Re: last paragraph of the full article
What a difference one year makes!
This means the housing market will SLOW even more.
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