Tuesday, April 03, 2007

Mortgage Rates Mixed

Bankrate.com reports that "The benchmark 30-year fixed-rate mortgage rose 3 basis points to 6.22 percent ... One year ago, the mortgage index was 6.44 percent; four weeks ago, it was 6.2 percent."

Further, "In the last five weeks, the benchmark 30-year rate has dropped as low as 6.16 percent and risen as high as this week's 6.22 percent. It's unusual for rates to remain in such a tight range for a month or more, but something similar happened in the last two weeks of 2006 and first three weeks of 2007, when rates remained in a range of 6.2 to 6.26 percent."

To read more: Bankrate.com

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