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