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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (45267)	1/26/2006 2:04:48 PM
From: shades	Respond to of 116555

J Freddie Mac 30-Yr Fixed Rate Rises To 6.12% From 6.10% . NEW YORK (Dow Jones)--Long-term mortgage rates rose slightly during the past week, Freddie Mac, the congressionally chartered housing finance agency, said Thursday. The average for 30-year fixed mortgage rates for the week ending Jan. 26 was 6.12%, up from 6.10% a week earlier, Freddie Mac said in its weekly primary mortgage market survey. One year ago, the 30-year fixed-rate mortgage averaged 5.66%. Fees and points for 30-year mortgages were unchanged from a week earlier at an average 0.5 point. The average for 15-year fixed-rate mortgages this week was 5.70%, up from 5.67% one week ago. Fees and points for the 15-year mortgage were unchanged from a week ago at an average 0.5 point. One year ago, the 15-year fixed-rate mortgage averaged 5.14%. The average rate for five-year Treasury-indexed hybrid adjustable rate mortgages was 5.75%, unchanged from a week ago. Fees and points for five-year hybrid ARMs were also unchanged from a week ago at an average 0.6 point. One year ago, the five-year ARM rate averaged 5.02%. The average rate for one-year Treasury-indexed ARMs was 5.20%, up slightly from 5.18% a week ago. Fees and points for ARMs were at an average 0.6 point, unchanged from one week ago. A year ago, the one-year ARM averaged 4.18%. "The miniscule rise in mortgage rates this week most likely reflects market expectations that the Federal Reserve will once again raise rates next week," said Frank Nothaft, Freddie Mac vice president and chief economist.