Mortgage rates rebounded this week, returning to their highest level in more than four years.
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The average rate on 30-year fixed-rate loans edged up to 6.80 percent for the week ending Thursday, up from 6.79 percent the week before. That's the highest level since late May 2002 when the 30-year loan rate stood at 6.81 percent.
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A year ago, the 30-year mortgage rate averaged 5.73 percent.
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Freddie Mac said the 15-year rate rose to an average of 6.41 percent from 6.37 percent the previous week, and up from 5.32 percent.÷š Five-year adjustable-rate mortgages rose last week, averaging 6.36 percent. The five-year ARM averaged 5.26 percent a year ago. The average one-year adjustable-rate mortgage climbed to 5.80 percent from 5.75 percent. At this time last year, the loan averaged 4.42 percent.
÷š
For homeowners using adjustable rate mortgages, a rise in interest rates can mean ballooning payments.
÷š
The Mortgage Bankers Association estimates that some $330 billion worth of ARMs will adjust in 2006 and $1 trillion worth will reset by the end of 2007.
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Ohio foreclosures continue climb - Dayton Business Journal
18 Jul 2006 at 12:30pmÂ
Ohio foreclosures continue climb
Dayton Business Journal, OH - 15 hours ago
… foreclosure rates fell in June, Ohio moved up five places to post the 6th-highest foreclosure rate among the states, according to real estate information firm …
No charges in Eminem club fight - Detroit Free Press
18 Jul 2006 at 4:08am
No charges in Eminem club fight
Detroit Free Press, United States - Jul 18, 2006
… actor Cliff Robertson into the National Aviation Hall of Fame in Dayton, Ohio. … Bailey portrayed himself as a real estate developer, and he took money from …
Out-of-town suitors target Tri-State - MSNBC
17 Jul 2006 at 3:05am
Out-of-town suitors target Tri-State
MSNBCÂ - Jul 17, 2006
… for sale in Greater Cincinnati or Dayton was likely to fetch a buyer from within Ohio. … Brokers attribute the growing investment real estate market to … |
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Oak Hill Financial Reports 2nd Quarter Results - Yahoo! News (press release)
13 Jul 2006 at 5:26pm
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… in suburban Columbus and the Cincinnati- Dayton region. … in 15 counties across southern and central Ohio. … for commercial and residential real estate transactions …
Ohio real estate squeezed by rising interest rates - Inman.com (subscription)
29 Jun 2006 at 1:04pm
Ohio real estate squeezed by rising interest rates
Inman.com (subscription), CA - Jun 29, 2006
… Centralized Real Estate Information Services, Dayton, Firelands, Greater Portsmouth, Heartland, Knox, Lancaster, Licking, Mansfield, Marion, Northern Ohio …
Radon Testing As A Campus Community Service - Medical News Today (press release)
13 Jul 2006 at 6:28am
Radon Testing As A Campus Community Service
Medical News Today (press release), UK - Jul 13, 2006
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