h1

Interest Rates Down

July 5, 2007

rates.jpgInterest Rates

This week, the prevailing interest rate on a 30 year mortgage slipped to 6.63% representing a one-month low.  The rates had risen to 6.74% last month.  Rates have moved lower for each of the past three weeks as fears of inflation have subsided.  Rates on 15 year, fixed mortgages fell to 6.3% and 5 year adjustable loans fell to 6.29%. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: