Whether to take a fixed-rate or a adjustable-rate mortgage is one of the most important financial decisions when shopping for a home loan.
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Average mortgage interest rates on 30-year home loans rose in the latest week to their highest since late October 2006, according to the weekly market survey from Freddie Mac.
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With the peak home-buying season kicking off, savvy buyers will be scouring the newspapers, checking the Internet and pounding the pavement, not only for the perfect house… but also for the best mortgage rates.
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Average interest rates on U.S. 30- and 15-year mortgages rose this week, according to a weekly survey released by Freddie Mac on Thursday.
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Mortgage rates offered more mixed signals this week, with longer-term rates easing slightly, Freddie Mac reported Thursday, citing widespread cooling of inflationary fears.
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Mortgage rates remained unchanged this week, Freddie Mac Thursday, after a slowdown in consumer spending growth and a tame inflationary reading.
Average rates on mortgage loans were little changed throughout the U.S. in the past seven days, data from a weekly Freddie Mac survey showed on Thursday.
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Mortgage rates moved downward this week, with rates on the 30-year fixed-rate mortgages decreasing for the first time since early March, according to a Freddie Mac weekly survey.
After weeks of slowly easing, average rates on 30-year mortgage loans shot up to an average of 6.22 percent in the week ending Thursday, according to a weekly survey released by government-backed finance company Freddie Mac.
The housing market recovery likely will slow down with tigher lending criteria and fallout from the bad credit home loan crisis, according to Wednesday’s report from the National Association of Realtors.
Higher loan standards, however, bode well for the long-term health of the industry, said David Lereah, NAR’s chief economist.