The average 30-year fixed-rate mortgage stood at 5.72 percent this week, up slightly from last week when it averaged 5.7 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Last year at this time, the 30-year rate averaged 5.98 percent.
“Mortgage rates didn’t move much this week, keeping us on target with industry forecasts for the year,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Our forecast is for the 30-year fixed-rate mortgage rate to remain below six percent for the rest of the year and not much higher than that for 2005.”
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