Friday, April 25, 2008

30-Year Rates Jump to 6.0

Freddie Mac reports a bump in the 30-year fixed mortgage rate to 6.03 percent during the week ended April 24, up from 5.88 percent from last week. This is the first time in six weeks that mortgage rates have gone above 6 percent. The 15-year fixed mortgage rate also moved up during the same period to 5.62 percent from 5.40 percent.
Economists attribute the gains to heightened inflationary concerns

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