Mortgage Rates Rise for Third Week in Row

San Diego Union-Tribune (02/29/08)
Freddie Mac reports a jump in the 30-year fixed mortgage rate to a more than three-month high of 6.24 percent during the week ended Feb. 28 from 6.04 percent last week, marking the third consecutive weekly increase. Interest on 15-year fixed-rate mortgages climbed to 5.72 percent from 5.64 percent over the same period. Meanwhile, the five-year adjustable mortgage rate edged up to 5.43 percent from 5.37 percent, and the one-year ARM shot up to 5.11 percent from 4.98 percent.