Mortgage Rates Resume Upward Climb After Long Holiday Vacation
1 February 2006Weekly Mortgage Survey - Week Ending January 27, 2006
After six straight weeks in decline, mortgage rates spun on
their heels last week and headed back up.
Freddie Mac’s Weekly Primary Mortgage Market Survey recorded increases in
three of the four home financing products it tracks with the fourth, the 5/1 ARM
remaining unchanged.
The 30 year fixed rate mortgage increased to 6.12 percent from 6.10 percent the
previous week and the 15-year fixed was up to 5.70 percent from 5.67 percent.
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