Fixed-rate mortgage rates continued to climb this week to the highest point in nearly nine months following the release of May's consumer- and producer-price indexes, both of which showed stronger levels of inflation.
The 30-year fixed-rate mortgage averaged 6.42% in the week ended Thursday, up from 6.32% last week. The mortgage averaged 6.69% a year ago; the last time it was this high was the week ended Sept. 27, when it also averaged 6.42%.
The 15-year fixed-rate mortgage averaged 6.02%, up from 5.93% last week. The mortgage averaged 6.37% a year ago, and hasn't been higher since the week ended Oct. 18, when it averaged 6.08%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment