Wednesday, April 11, 2007

Mortgage rates up!

Bankrate reports that as of April 5 "The benchmark 30-year fixed-rate mortgage rose 3 basis points to 6.25 percent ...One year ago, the mortgage index was 6.51 percent; four weeks ago, it was 6.19 percent."

This represents a three week increase in the 30 year fixed rate. Speculation continues as people wait to see the next move of the Federal Reserve.

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