Industry NewsMortgage

Mortgage rates climb past 6%

Real estate brief
Published on Sep 25, 2008

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by CareyBot

Market uncertainty over the state of the economy helped push interest rates for some mortgages back up above 6 percent this week, Freddie Mac said in releasing its weekly rate survey.

The 30-year fixed-rate mortgage (FRM) averaged 6.09 percent with an average 0.7 point for the week ending Sept. 25, up from 5.78 percent a week ago but well below the 6.63 percent peak for the year seen in July. A year ago, lenders were charging 6.42 percent for 30-year FRMs.

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