January 5, 2006

You Gotta Comment?!?

STEADY STREAM: Average interest rates were largely unchanged from the prior week. Rates on the 30 year fixed dropped to 6.21 percent this week from 6.22 percent last week, Freddie Mac reported. Rates on 15-year mortgages were unchanged in the week ending Jan. 5, at 5.76 percent, Freddie Mac said.

Mortgage rates were little changed this week. Interest rates for 30-year fixed-rate mortgages currently are below the monthly averages set in November and December of 2005.

Could steadying interest rates simultaneously steady the housing market here in DC or have prices simply gone up too far too fast?

1 comment:

Anonymous said...

prices are dropping everywhere the market still is very overvalued.