Under One Roof Blog
Everything You Need To Know About Home Mortgages

Mortgage rates above 5% for 1st time in 3 months
June 4, 2009 by Tamara Sevigny, Customer Care Director

Interest rates on a 30-year home loan surged above 5 percent for the first time in nearly three months this week as investors pushed up rates on long-term government debt, which is closely tied to mortgage rates. Mortgage finance giant Freddie Mac said Thursday that the average rates on a 30-year fixed-rate mortgage rose to 5.29 percent this week, from an average of 4.91 percent a week earlier. It was the highest weekly average in nearly six months. For the full article please log onto: http://finance.yahoo.com/news/Mortgage-rates-above-5-pct-apf-15439335.html?sec=topStories&pos=5&asset=&ccode

This entry was posted on Thursday, June 4th, 2009 at 12:47 pm and is filed under Mortgage Loan Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.