Mortgage News You Can Use
Mortgage rates increase again
2/6/2004
WASHINGTON (AP) - Mortgage rates around the country rose this week but are still lower than they were a year ago.
The average rate on 30-year mortgages increased to 5.72 percent, up from 5.68 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates.
For 15-year mortgages, a popular option for refinancing, rates rose to 5.03 percent this week, up from 4.97 percent last week. Rates for one-year adjustable mortgages increased to 3.61 percent compared to 3.59 percent last week.
It marked the second week in a row that mortgage rates went up.
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