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Average rates for 30-year, fixed-rate mortgage loans in the U.S. increased to 6.08 percent, up from 5.98 percent the previous week, United Press International (UPI) reported May 29, 2008.
A year ago, the same loan stood at 6.42 percent.
The 15-year loan rose to 5.66 percent, an increase from 5.55 percent the previous week.
Freddie Mac provided the mortgage data.
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I am a Massachusetts real estate broker and lawyer and co-founder/owner of Buyers Brokers Only, LLC. I am also a partner in the law firm of Rosa & Kres, LLP.
If you have a question for me about any aspect of the home-buying process (i.e., house hunting, mortgages, negotiations, buyer agency, purchase and sale, etc.), please don't hesitate to send me an email. I'm happy to try to answer your question.
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