Sunday, November 13, 2005

What's up with mortgage rates?

For the ninth week in a row, mortgage rates are up! A sign of the times? Probably. Get used to it.

According to Bankrate.com, "The benchmark 30-year, fixed-rate mortgage rose 5 basis points to 6.42 percent ...One year ago, the mortgage index was 5.76 percent. Four weeks ago it was 6.1 percent." This represents the highest rate in 26 months.

For more information, read here: Mortgage rates up

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