Chicago Sun-Times (07/11/08)
Freddie Mac reports a slight jump in the 30-year fixed mortgage rate to 6.37 percent during the week ended July 10 from 6.35 percent the prior week. The five-year adjustable mortgage rate also moved up, climbing to 5.82 percent from 5.78 percent. However, the 15-year fixed rate fell to 5.91 percent from 5.92 percent; and the one-year ARM was unchanged at 5.17 percent. Freddie Mac chief economist Frank Nothaft notes a higher-than-anticipated decline in the National Association of Realtors' pending home index.
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