Wednesday, December 08, 2004

Mortgage rates rise slightly

The economic news is good ... mortgage rates have gone up slightly.

Bankrate.com reports that "The benchmark 30-year fixed-rate mortgage rose 10 basis points to 5.82 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 6.07 percent."

Take heart ... these are still good rates!

To read about current interest rates, go here.

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