30-year mortgage rate climbs to 6.45 percent
June 28 2008
Rates on 30-year mortgages rose again last week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to inflation pressures.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.45 percent last week, up from 6.42 percent the previous week.
Rates on other types of mortgages rose last week, according to the Freddie Mac survey. Rates on 15-year fixed-rate mortgages were 6.04 percent, up from 6.02 percent; the five-year adjustable-rate mortgage rose to 5.99 percent from 5.89 percent last week; the one-year adjustable-rate mortgage rose to 5.27 percent from 5.19 percent.