Rates Continue To Incline
According to Freddie Mac release, 30-year fixed-rate mortgage averaged 6.49%, with an average 0.6 point, for the week ending April 13, 2006. The 30-year FRM has not been higher since the week ending July 12, 2002.
The average for the 15-year FRM this week is 6.14%, with an average 0.5 point. The 15-year FRM has not been higher since the week ending June 13, 2002.
One of the causes of the mortgage rate increase is the unexpected drop in March’s unemployment rate. The drop indicates that there may be upward pressure on wages in the near future.
Search homes at Chicago Real Estate.
The average for the 15-year FRM this week is 6.14%, with an average 0.5 point. The 15-year FRM has not been higher since the week ending June 13, 2002.
One of the causes of the mortgage rate increase is the unexpected drop in March’s unemployment rate. The drop indicates that there may be upward pressure on wages in the near future.
Search homes at Chicago Real Estate.
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