Mortgage rates rebound this week
Thursday, January 31st, 2008Mortgage rates climbed this week after falling for five straight weeks as concerns over cheap money and rising inflation pushed investors to put their money into stocks, Freddie Mac reported today.
The average rates on 30-year fixed mortgages rose 20 basis points in the last week, growing from 5.48 percent to 5.68 percent, and the average 15-year fixed mortgage was up 22 basis points, from 4.95 percent to 5.17 percent.
A year ago, the 30-year fixed averaged 6.34 percent and the 15-year averaged 6.06 percent, Freddie Mac reported.
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