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30-year mortgage heading upstairs – Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 6 percent. That was up from 5.89 percent last week, and the highest level for 15-year mortgages since.
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Potential refinance market falls 40% as mortgage rates keep rising. – The number of mortgage borrowers with an interest rate incentive to refinance fell 40% during the first six weeks of the year and now sits at the.
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National Monthly average mortgage rates * 2006 – National Monthly Average Mortgage Rates. To conduct this survey, the Finance Board asks a sample of mortgage lenders, representing savings associations, mortgage companies, commercial banks, and mutual savings banks, to report the terms and conditions on all single-family, fully amortized, purchase-money, nonfarm loans that they close during the last five business days of the month.