Economy - Thursday (Investor's Business Daily)

[riky]

Economy - Thursday
    (Investor's Business Daily)

 

Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage rose to 6.63% for the week ended July 24 from 6.26% a week ago, said Freddie Mac. It's the 8th straight week over 6%. The 15-year fixed-rate mortgage rose 40 basis points to 6.18%. The 5-year Treasury-indexed adjustable-rate mortgage jumped to 6.18%, while the 1-year ARM was up to 5.49%.


You are not allowed to view links. Register or Login/news.yahoo.com/s/ibd/20080724/bs_ibd_ibd/20080724econbrief