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Long-Term Mortgage Rates Dip

POSTED: Thursday, June 8, 2006

UPDATED: 11:52 am CDT June 8, 2006

WASHINGTON -- Despite all the worries about rising interest rates, mortgage rates actually edged lower over the past week.

Freddie Mac said the average for 30-year, fixed-rate mortgages stood at 6.62 percent, down from 6.67 percent last week.

A competing survey from Bankrate.com had the average 30-year, fixed-rate mortgage falling from 6.72 percent to 6.69 percent.

Freddie Mac said the average for 15-year, fixed-rate mortgages this week was put at 6.23 percent, down from 6.26 percent last week.

The finance giant said one-year Treasury-indexed adjustable-rate mortgages averaged 5.63 percent this week. That was down from 5.68 percent last week.

Freddie Mac's chief economist said mortgage rates moved lower on last week's news of weaker job growth in May.

Slower economic growth and concerns about inflation have kept mortgage rates bobbing up and down over the past month.

Previous Stories:

June 1, 2006: Mortgage Rates Near 4-Year High
June 1, 2006: Study: Blacks, Hispanics 'Pay Premium' For Home Loans
May 19, 2006: Long-Term Mortgage Rates Up Again
May 4, 2006: Mortgage Rates Up For 6th Week
March 23, 2006: Mortgage Rates Slide For Second Straight Week
February 23, 2006: Long-Term Mortgage Rates Fall
January 19, 2006: Mortgage Rates Fall To 3-Month Low
December 1, 2005: Hot Home Prices Cool Slightly
November 3, 2005: Long-Term Mortgage Rates Hit 6.3 Percent
October 20, 2005: 30-Year Mortgage Rates Hit 15-Month High
October 13, 2005: 30-Year Mortgage Rates Top 6 Percent
October 6, 2005: Mortgage Rates Rise On Inflation Jitters

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Long-Term Mortgage Rates Dip

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