Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (19240)	9/30/2004 4:04:58 PM
From: ild	Respond to of 110194

NEW YORK (Dow Jones)--Average mortgage rates in the U.S. were little changed this week from the previous week, according to Freddie Mac's (FRE) Primary Mortgage Market Survey published Thursday. The average mortgage rate for a 30-year fixed-rate mortgage rose slightly to 5.72% this week from 5.70% a week ago, with fees and points averaging 0.6 point, down from 0.7. A year ago, the 30-year mortgage rate stood at 5.98%. The 15-year mortgage rate rose to 5.12% from 5.10%, with fees and points averaging 0.6 point compared with 0.7 point a week ago. A year ago, this rate stood at 5.30%. One-year Treasury-indexed adjustable-rate mortgages averaged 3.97% this week, down slightly from last week's 4.00%. Fees and points were 0.6 point, down from 0.7 point a week ago. A year ago, this rate averaged 3.77%. "Mortgage rates didn't move much this week, keeping us on target with industry forecasts for the year," said Frank Nothaft, Freddie Mac chief economist. Freddie Mac expects the 30-year fixed rate mortgage to remain below 6% for the rest of the year and to be "not much higher" in 2005, Nothaft added.