Thursday, March 24, 2005

Mortgage Rates Heading Up

Anyone remember when 30-year fixed rates were 15% and above? AP (03.24.05):
"Rates on 30-year mortgages this week climbed to their highest point since late July, rising just above the 6 percent mark. Analysts said the pickup reflects concerns in financial markets about inflation. 'Renewed concern over the threat of inflation pushed up long-term mortgage rates,' said Frank Nothaft, Freddie Mac's chief economist." Rates on 30-Year Mortgages Rise Over 6 Percent, Highest Since July
Sixth week in a row.

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