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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  May 25, 2007  |   30-Year Mortgage Rate Jumps
Freddie Mac reports an increase in the 30-year fixed mortgage rate to 6.37 percent from 6.21 percent over the past week, marking a seven-month high. Experts attribute the jump the second in two weeks to the belief that the Federal Reserve will not slash interest rates in the short term due to concerns about inflation.

Source: Raleigh News & Observer (N.C.) (05/25/07)

© Copyright 2007 Information Inc.

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