Sluggish home prices and consumer spending keep costs from soaring
Thursday, September 6th, 2007Long-term mortgage rates inched up this week, according to surveys conducted by Freddie Mac and Bankrate.com.
In Freddie Mac’s survey, the rate on 30-year fixed mortgages grew to an average 6.46 percent from 6.45 percent a week ago, and the 15-year fixed rose to 6.15 percent from 6.12 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.5 on the 30- and 15-year loans.




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