Fixed Mortgage Rates Rise Again

This a little disconcerting. Mortgage rates for the thirty year fixed rate has actually gone up. This is now three consecutive weeks rates have been rising. Here are the numbers:

 Freddie Mac report on Fixed Rate Mortgages

 30-year 

 The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.5 point for the week ending February 28, 2008, up from last week when it averaged 6.04 percent. Last year at this time, the 30-year FRM averaged 6.18 percent.

 15-year

 15-year FRM this week averaged 5.72 percent with an average 0.5 point, up from last week when it averaged 5.64 percent. A year ago at this time, the 15-year FRM averaged 5.92 percent.

Freddie Mac Hybrid Rates 

Five-year Treasury Indexed ARMs

 The 15 year ARM's averaged 5.43 percent this week, with an average 0.4 point, up from last week when it averaged 5.37 percent. A year ago, the 5-year ARM averaged 5.93 percent.

One-year Treasury-indexed ARMs

 One-year Treasury-indexed ARMs averaged 5.11 percent this week with an average 0.7 point, up from last week when it was 4.98 percent. At this time last year, the 1-year ARM averaged 5.49 percent

Thanks for Reading

Howard Bell

www.yourpropertypath.com