Thursday, April 06, 2006

Mortgage interest rates at 4 year high!

This week's look at mortgage interest rates hold no surprise. Bankrate.com reports that "The benchmark 30-year fixed-rate mortgage rose 7 basis points to 6.51 percent...One year ago, the mortgage index was 6.02 percent; four weeks ago, it was 6.45 percent."

And, we've been finding that the gap between ARM and fixed rate loans is narrow.

To read more: Bankrate.com 4-5-06 interest rate survey
 

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