Thirty-year mortgage touches highest level in eight monthsaffecting refinance mortgage - 2005-03-24
The 30-year mortgage went over 6 percent this week, the first time that the U.S. benchmark has been above this level in eight months, Freddie Mac said Thursday. The higher home loan rates have dampened mortgage refinancing activity.

The mortgage agency indicated that the national average interest rate on a 30-year loan was 6.01 percent in the week ending Thursday, up from 5.95 percent a week earlier.
Read the full story at MarketWatch

Banks increase mortgage rate - 2005-03-24
Canadian mortgage rates are going higher in the wake of climbing borrowing costs in the North American bond market. CIBC kicked off the rate increases yesterday, followed by TD, Bank of Montreal and Laurentian.

The changes, effective today, mean a one-year house loan at CIBC climbs 0.35 of a percentage point to 4.95%; a two-year term jumps 0.45 of a point to 5.5%; and a five-year mortgage jumps a fifth of a point to 6.25%.
Read the full story at Ottawa Sun