Monday, June 15, 2009
High interest rate puts the brake on mortgage refinancing this week, according to Freddie Mac.
The firm weekly investigation pegs interest on 30-year unchanging mortgages at a standard of 5.59 percent -- up as of 5.29 percent previous week and the uppermost rate as November 2008.
Other rates as well climbed:
The firm weekly investigation pegs interest on 30-year unchanging mortgages at a standard of 5.59 percent -- up as of 5.29 percent previous week and the uppermost rate as November 2008.
Other rates as well climbed:
- Interest climbs to 5.06 percent starting from 4.79 percent for 15-year fixed loans;
- 5.17 percent from 4.85 percent meant for five-year, adjustable-rate mortgages;
- 5.04 percent from 4.81 percent for one-year ARMs.


