Mortgage Rates Inch Up Again This Week - 2004-01-08
Mortgage rates inched up again this week, with the 30-year rate climbing to the highest level in nearly a month. But even with the modest rise, rates still are low enough to keep the housing market robust, analysts said.
The average rate on 30-year mortgages rose to 5.87 percent, up from 5.85 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates. That was the highest level since Dec. 12, when the rate was 5.88 percent.
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