Mortgage Rates Snap Five-Week Decline, fixed mortgage rates finally pulled up this week on signs the economy may be getting back on its feet after starting the year off weak.
The average 30-year fixed rate at 4.14 percent (0.5 point) for the week ending June 5, up from last week's average 4.12 percent. A year ago, the 30-year fixed-rate mortgage (FRM) was 3.91 percent and rising. Contrary to Freddie, Bankrate also saw an increase in adjustable rates. June Is National Homeownership Month!: With residential mortgages hitting their lowest interest rates of the year, now is a great time to start realizing the benefits of homeownership. Owning a home allows you the freedom to adapt your living space to your tastes and lifestyle and gives you a feeling of permanence in your community, see rates.
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