Mortgage Rates: 2nd Highest this Year, Still Historically Low

Dawn Griffin Posted by
Mortgages and Loans, Tools and Resources Jul 2007

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WASHINGTON – Rates on 30-year mortgages were unchanged this week as a flood of new economic data did not change the general views of financial markets about inflation.

Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.73 percent this week, the same as last week. That left the rate close to its high-point of the year, which was 6.74 percent set the week of June 14.

Sounds scary, but check out the monthly averages of rates in 1983.

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View the monthly averages of mortgage rates between 1983 and 2007 here. 

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