Low Mortgage Rates for Smart Loan Shoppers
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Low Mortgage Rates for Smart Loan Shoppers |
Slight Interest Rate Gains YesterdayJune 14, 2005 LOS ANGELES -- On Monday, mortgage interest rates crept up very slightly at day's-end as the benchmark 10-year Treasury bond yield jumped a notch to to 4.09 percent. The gain was not substantive, yet was noteworthy as we anticipate economic news releases in abundance this week. Averages for 30-year fixed interest rates climbed to a still-desirable 5.21 percent. 15-year fixed-rates rose to 4.82 percent on average. Home owners and prospective home purchase loan candidates are likely watching rates like a hawk for fluctuations, as currently we are experiencing 40-year lows once again after the Fed hinted that measured rate hike campaigning may be a memory due to fears being eased regarding inflation at the consumer level of our economy. - Article by Nolan Voight, Columnist for CMR Mortgage. © 2006 CMR. All rights reserved. |