U.S. 30-Year Mortgage Rates Move Higher - 2004-03-25
U.S. 30-year fixed mortgage rates edged up in the latest week, but more homebuyers are expected to hop on the torrid housing market amid near record low rates, mortgage finance company Freddie Mac indicated on Thursday.
Freddie Mac said U.S. 30-year mortgage rates averaged 5.40 percent, up from 5.38 percent a week ago. Fifteen-year mortgages edged higher to 4.70 percent, up from an average of 4.69 percent.
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