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Home >> Business
UPDATED: 08:37, January 06, 2006
US interest rates on mortgages mixed this week
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The interest rates on mortgages in the United States were mixed this week with rates on 30-year mortgages down slightly, U.S. mortgage giant Freddie Mac reported on Thursday.

The government-sponsored company said in its weekly survey that rates on 30-year, fixed-rate mortgages declined to 6.21 percent for the week ending on January 6, down slightly from the average rate of 6.22 percent in last week. It was the lowest since late October.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.76 percent this week, unchanged from last week.

One-year adjustable rate mortgages edged up to 5.16 percent this week, compared with 5.15 percent last week. Rates on five- year hybrid adjustable rate mortgages averaged 5.78 percent, also down slightly from last week's 5.79 percent.

Source: Xinhua


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