CNNMoney.com
Companies Economy International Corrections Pre-market trading After-hours trading Winners/losers/actives Bonds Currencies Commodities Money Magazine Retirement Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Calculators Mortgage Rates Personal tech Big Tech blog Techland blog Sectors and stocks Fortune 500 techs Tech Talk 100 best places to launch Ultimate resource guide Small biz makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create portfolio Edit portfolio Create Alerts Edit Alerts
PARTNER
CENTER

Some mortgage rates inch higher

Stronger consumer spending lifted some mortgage rates this week, Freddie Mac reports.

Subscribe to Real Estate
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Bankrate.com
 
30 yr fixed mtg 6.41%
15 yr fixed mtg 5.97%
30 yr fixed jumbo mtg 7.59%
5/1 ARM 5.92%
5/1 jumbo ARM 6.40%
Find personalized rates:
 

NEW YORK (CNNMoney.com) -- Some mortgage rates rose along with bond rates this week as reports of stronger consumer spending in November were tempered by disappointing readings of other economic measures, Freddie Mac reported Thursday.

The government-sponsored loan buyer said the rate on a 30-year fixed-rate loan averaged 6.17 percent for the week ending Dec. 27, up from 6.14 percent a week earlier.

At this time last year, the 30-year fixed-rate mortgage averaged 6.18 percent.

"Stronger consumer spending and an increase in the core price deflator in November caused long-term bond yields to inch up over the end of last week and beginning of this week, with mortgage rates following," said Frank Nothaft, Freddie Mac (FRE, Fortune 500) vice president and chief economist in a statement Thursday.

"Offsetting some of the increase, however, was a decline in November's index of leading economic indicators and a weak manufacturing report in Philadelphia for December," added Nothaft, who expects consumer spending to slow in the near term.

Freddie Mac said 15-year fixed-rate loans averaged 5.79 percent, unchanged from last week. A year ago, the 15-year rate averaged 5.93 percent.

Five-year adjustable-rate mortgages (ARMs) averaged 5.90 percent this week, also unchanged from last week. A year ago, the 5-year rate averaged 5.98 percent.

One-year Treasury-indexed ARMs averaged 5.53 percent, up from 5.51 percent last week. At this time last year, the 1-year ARM averaged 5.47 percent. To top of page



Photo Galleries
The strange case of the superheroes, the geeks and the studios  Comic-con is both a Mecca for the people who love (and dress like) superheroes and villains, and, arguably, Hollywood's biggest marketing event of the year. Should it also be a public charity? By Richard Siklos, editor at large (more)
10 house-selling secrets It's a tough market for selling a house. Maximize your chances of a sale at a good price with these house-staging tips from an expert. (more)
The greatest executricksters of all time Today's BlackBerry-wielding, expense-account impresario may think he's invented the concept of retiring at work. But such executricks have been around as long as people have labored at tasks they'd rather not perform. Following are some of the greats in the pantheon of tricksters. (more)
© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Hemscott.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.