Daily Real Estate News April 4, 2008
30-Year Rates Climb for Week
Mortgage borrowing costs were up for the week, reports Freddie Mac. According to the company's figures, interest on 30-year fixed loans bumped up to 5.88 percent from 5.85 percent a week ago; while 15-year fixed loans climbed to 5.42 percent from 5.34 percent. On the other hand, adjustable-rate products moved in the opposite direction, with the one-year ARM dipping to 5.19 percent from 5.24 percent and the five-year ARM sliding to 5.59 percent from 5.67 percent. Source: San Diego Union-Tribune (04/04/08)© Copyright 2008 Information Inc.
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