Mortgage Rate Changes Little

Wall Street Journal (05/02/08) P. C7
Long-term mortgage rates saw little change over the past week, according to Freddie Mac. The company said that interest on 30-year fixed loans came in at 6.06 percent compared to 6.03 percent for the previous week. Other rates registered some movement, but not much, with the 15-year fixed mortgage averaging 5.59 percent compared to 5.62 percent a week earlier and the five-year hybrid adjustable rate floating up to 5.73 percent from 5.68 percent over the same period. The one-year ARM, meanwhile, held steady at 5.29 percent.