Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Sunday, December 30, 2007 Rates on 30-year, 1-year mortgages climb, while other rates hold steady Real estate notebook 30-year rates climb slightly WASHINGTON -- Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.17 percent this week. That was up from 6.14 percent last week and was the highest since the week of Nov. 21, when 30-year rates stood at 6.20 percent. Rates on one-year adjustable-rate mortgages rose to 5.53 percent this week, compared with 5.51 percent last week. Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 5.79 percent this week, unchanged from last week. And, rates on five-year adjustable-rate mortgages, rates stood at 5.90 percent this week, also the same as last week. The mortgage rates do not include add-on fees known as points. Seminars A free home buying workshop will be from 6:30 to 8 p.m. Jan. 16 and continue from 10 to 11:30 a.m. Jan. 19 at the Alderwood Business Center, 3500 188th St. SW in Lynnwood. It's sponsored by Liberty Financial Group. Call 425-412-5452 for reservations. Send your real estate news to Mike Benbow, Business editor, The Herald, P.O. Box 930, Everett, WA 98206, by fax at 425-339-3435 or by e-mail at economy@heraldnet.com.

1. Snohomish County man dies of swine flu 2. Lynnwood bank reprimanded by government 3. Police ID make of vehicle in fatal hit-and-run 4. Armed man shot by deputies in Arlington 5. IRS joins puppy mill investigation 6. Jetty Island ready for sand castles 7. Boeing's 6-month tally: 1 net order 8. Warriors & Patriots: Many American Indians served before getting full citizenship rights 9. Movin' out 10. Marshals seize swindler's home 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

• Warriors looking for balance • Three Scots vying for QB slot • Jackson looks for another title • Decorated veteran continues to serve as active volunteer • City Council reviewing sign regulations • Wildcats get a peek at newcomers • Lynnwood still in rebuilding mode • Shoreline feels a kindergarten growth spurt • Leave the patriotic pyrotechnics to professionals, cities urge • Trading dollars for kilowatts New PUD energy conservation programs save ... • By John Wolcott SCBJ Editor • Record crowd at Paine Field’s General Aviation Day as FHC Celebrate ... • Celebration of aviation's history and future presented in multiple venue ... • The time is ripe for small businesses to take no prisoners • EPA proposal to regulate global-warming gases would be costly for small ... • Innovation helps the town of Forks to offset tough economy • Powering the people