25#x25 of Utah mortgages are ARMs
More than a quarter of all mortgage loans in Utah are adjustable-rate mortgages loans that could put borrowers at risk as interest rates rise and push monthly payments higher.
Mortgage Rates Climb on Fed Rate Worries
WASHINGTON (AP) - Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. It was the highest level for 30-year mortgages since they
Bankrate: Fixed Mortgage Rates Climb to Highest Level in More Than Four Years
RISMEDIA, June 23, 2006—Fixed mortgage rates continued to rise this week. The average 30-year fixed rate mortgage jumped from 6.71 percent to 6.83 percent, according to Bankrate.coms weekly national survey of large lenders. The 30-year fixed rate mortgages in this weeks survey had an average of 0.33 discount and origination points.
Mortgage Rates Climb on Fed Rate Worries
Washington (AP) - Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation.Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week.
Home Mortgages
(AP) NORTH PALM BEACH, Fla. Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of June 21, as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house.
For homeowners with adjustable-rate mortgages, rate changes fuel foreclosure fears
Rates have started to adjust, sending borrowers scrambling to find ways to make dramatically higher payments — or face losing their homes.
Best to get rid of credit line and get fixed-rate loan
Q: I have a home equity line of credit. When I took it out two years ago the interest rate was really low. But now it’s more than the rate on my first mortgage. I want to get out from under this. What are my options?
30-Year Mortgage Rates Climb to Four-Year High
Rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71% this week, up from 6.63% last week and the highest since the week of May 31, 2002, when they averaged 6.76%.
NORTH PALM BEACH, Fla. (AFX) - Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of June 21, as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house.
Mortgage rates rise on inflation fears
Mortgage rates rose this week, and 30-year mortgages climbed to the highest level in more than four years on investor fears about inflation. Freddie Mac reported Thursday that interest rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71%, up from 6.63% last week.