Little Change in Mortgage Rates

Long-term mortgage rates saw little change over the past week, according to Freddie Mac. Interest on 30-year fixed loans came in at 6.06 percent, compared with 6.03 percent for the previous week.

Other rates registered some movement, but not much, with the 15-year fixed mortgage averaging 5.59 percent, down slightly from 5.62 percent a week earlier. The five-year hybrid adjustable rate floated up to 5.73 percent from 5.68 percent over the same period.The one-year ARM, meanwhile, held steady at 5.29 percent.

Source: Wall Street Journal (05/02/08)