NAR: Home prices are firming

Real Estate News Blog Headline

Mortgage rates up to 25-week high

Mortgage rates across the board jumped this week, with conventional mortgages reaching their highest point so far this year. Freddie Mac reports a jump in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. As recently as two months ago, rates had been 4.78 percent. The 15-year fixed rate also increased, rising to 4.79 percent.

Posted: June 6, 2009

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