January 9, 2004
WASHINGTON (AP) -- Mortgage rates edged up again this week, with the 30-year rate climbing to the highest level in nearly a month.
But even with the modest rise, rates still are low enough to keep the housing market healthy, analysts said.
The average rate on 30-year mortgages rose to 5.87 percent, up from 5.85 percent last week, Freddie Mac said Thursday in its weekly nationwide survey of mortgage rates. That was the highest level since Dec. 12, when the rate was 5.88 percent.
For 15-year mortgages, rates increased to 5.17 percent, up from 5.15 percent last week.
