Average rate on 30-year mortgage at 5.63% this week, refinance mortgage activity up - 2005-06-16
The average fixed interest rate paid on a 30-year mortgage nudged up as expected this week from its lowest in more than a year, Freddie Mac said Thursday.
The 30-year rate averaged 5.63% for the week ending Thursday

In fact, the Mortgage Bankers Association posted record loan activity for home purchases this week and a jump in refinance mortgage volume.
Read the full story at MarketWatch

The Mortgage Trap - 2005-06-16
Nicki Randolph, a San Francisco real estate agent, hasn't been slowed down by talk of a housing bubble. Although she already owns both a home and a condo in Palm Springs, Calif.

To finance her loft acquisition, Randolph took out a mortgage that lets her pay only interest for the first five years -- a tactic that helps her ease into the hefty monthly payments.
Read the full story at BusinessWeek