Tuesday, March 21, 2006

Mortgage Rates Down Slightly

Bankrate.com reports that for the week ending March 15 "The benchmark 30-year fixed-rate mortgage fell 2 basis points to 6.43 percent ... One year ago, the mortgage index was 6 percent; four weeks ago, it was 6.37 percent."

You can read more about interest rates, including theory behind the market, here: Bankrate.com interest rate survey March 15, 2006

Remember that the Federal Reserve meeting is March 26/27. You can view a calendar of the meetings here: Federal Reserve meeting calendar

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