Wednesday, May 31, 2006

Mortgage rates down after 8 weeks

Bankrate.com reports that as of May 24, 2006, "For the first time in two months, Bankrate.com's benchmark 30-year, fixed-rate mortgage fell. It went down 4 basis points to 6.69 percent".

And, their prediction for interest rates? "Many economists and mortgage bankers expect rates to generally rise the rest of this year, with the usual spikes and dips."

To read more: Bankrate.com May 24, 2006 interest rate report

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