Buying a Home Foreclosure News: Mortgages: Average mortgage rates climb this week:
Mortgages: Average mortgage rates climb this week: Freddie Mac - Banks - Financial - Home Construction - Real Estate - Financial Services - Manufacturing - Bond Market - Economy - Personal Finance: "CHICAGO (MarketWatch) -- The average fixed interest rate paid on a 30-year mortgage edged up as expected this week from its lowest in more than a year, Freddie Mac said Thursday.
The 30-year rate averaged 5.63% for the week ending Thursday, up from last week's 5.56% average, which was the lowest rate paid since April 2004.
Last year at this time, the 30-year loan averaged 6.32%. The benchmark rate remains about a quarter percentage point above last year's low of 5.38%, but because it's still low by historical standards hasn't yet deterred brisk home buying.
In fact, the Mortgage Bankers Association "
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