Friday, April 21, 2006

30 year mortgage rate UP!

Inflation is cited as the reason that the 30 year fixed mortgage rate went up this week for the fourth straight week in a row, to 6.57%. Bankrate.com reports that "One year ago, the mortgage index was 5.86 percent; four weeks ago, it was 6.39 percent. The last time the 30-year fixed rate was this high was June 26, 2002, when it also was 6.57 percent."

To read more: Bankrate.com 4-19-06 interest rate report

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