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.