30-year Fixed Mortgage Rate Up Slightly

The benchmark 30-year, fixed-rate mortgage edged up four basis points to 5. 8 percent, according to the Bankrate.com national survey of large lenders.

A basis point is one-hundredth of 1 percentage point.

The mortgages in last week's survey had an average total of 45 discount and origination points.

One year ago, the mortgage index was 6. 62 percent; four weeks ago, it was 5. 45 percent.

Read more at http://www.dailyrecord.com/article/20090628/B... and post your comments below

Posted by Mortgage News on 6/28/09 7:07 AM

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