FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:27.21, -0.62, -2.2%) said Thursday the 30-year fixed-rate mortgage average rose slightly to 5.88% with an average 0.5 point for the week ending April 3.

Last week the average was 5.85%, and in the year-ago period it was 6.17%. “While prime, conforming rates still remain at historically low levels, long-term mortgage rates did drift slightly upwards this week on signs that the economy may have a little more strength than what financial markets forecasted,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

Tags: freddie mac, Mortgage Interest Rates

This entry was posted on Thursday, April 3rd, 2008 at 2:33 pm and is filed under Mortgage Interest Rates, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.