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.
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.
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