Interest Rates Today!

June 13, 2008


Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns that the Federal Reserve might be preparing to raise interest rates. Thirty-year fixed-rate mortgages rose to 6.32 percent this week from 6.09 percent last week, according to Freddie Mac's national survey. It was the highest level for 30-year mortgages since they averaged 6.33 percent for the week of Oct. 25.

Rates on 15-year fixed-rate mortgages rose to 5.93 percent from 5.65 percent. The five-year adjustable-rate mortgage rose to 5.70 percent from 5.51 percent. The rate on a one-year adjustable-rate mortgage edged up to 5.09 percent from 5.06 percent. Rates don't include add-on fees known as points. The fee for 30-year and five-year mortgages was 0.7 point. The fee on 15-year and one-year mortgages was 0.6 point. A year ago, rates on 30-year mortgages stood at 6.33 percent, 15-year mortgage rates averaged 5.99 percent, five-year adjustable-rate mortgages were at 6.37 percent, and one-year adjustable-rate mortgages were at 5.75 percent.

Associated Press


Toll-FREE Recorded Information: 1-800-598-3443 ext 202