Mortgage Rates
Save Email Print
Updated: 2:13 PM Mar 25, 2005
Mortgage Rates
Mortgage rates now back above six percent.
Posted: 6:05 AM Mar 26, 2005
Reporter: Associated Press
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

Rising mortgage rates have now crossed a threshold.

Mortgage company Freddie Mac says 30-year mortgage rates have climbed for the sixth straight week and are now averaging more than six percent for the first time in eight months. This week's survey puts the average for 30-year fixed-rate mortgages at 6.01 percent, up from 5.95 last week.

A competing report from Bankrate-dot-com has rates taking an even steeper jump, to 6.15 percent.

Rates on 15-year fixed-rate mortgages and five-year adjustables also are higher this week, in both surveys.

Freddie Mac chief economist Frank Nothaft says fears of higher inflation have been pushing up interest rates in general, but he says mortgage rates remain at affordable levels and that we've yet to see much of a slowdown in the housing market.

Tom West Company Search Listing Virtual Tours
Click Here For Rachaels Tips & More
Contests and Promotions
Gobble Gobble!
Thanksgiving's surprising history, recipes, games and more in our special section.
3 New Contests
Contests, Lots of Prizes - Pro, SEC, FNF
Jeffers Pet Page
Pet News, Care Tips, Shelters & Contests
Double Dollar Deals
Save 50% from local merchants.
Durden Traffic Cams
Click and see congestion on the Circle
Comcast.com
Click to see where Comcast has the Wiregrass covered!
Community Events
Friday November 20
  • No Community Events Scheduled for Today
Saturday November 21