Friday, October 14, 2005
Mortgage Rates Are on the Rise -- Associated Press
Mortgage Rates Are on the Rise: "Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely will climb further, slowing frenetic demand that has stoked U.S. housing in recent years.
Realtors have spotted a drop in the appetite for housing in recent months, and a survey of lenders from Freddie Mac on Thursday found that rates for 30-year mortgages — a popular home loan — have crested 6 percent for the first time since March."
Realtors have spotted a drop in the appetite for housing in recent months, and a survey of lenders from Freddie Mac on Thursday found that rates for 30-year mortgages — a popular home loan — have crested 6 percent for the first time since March."
