Friday, January 20, 2006

Mortgage rates plunge!

Bankrate.com reports that for the week ending January 18th, mortgage rates are down!

"The benchmark 30-year fixed-rate mortgage fell 10 basis points to 6.12 percent, according to the Bankrate.com national survey of large lenders... One year ago, the mortgage index was 5.71 percent; four weeks ago, it was 6.33 percent."

Citing inflation pressures, including likely rises in workers' wages and benefits, the article anticipates rising mortgage rates.

To read more: January 18, 2006 interest rate report.

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