Mortgage Rates Hold Steady

McLEAN, Va. - (03/03/06) – Mortgage rates remain littlechanged this week, with long-term rates falling only slightly andshort-term rates rising a little bit, according to Freddie Mac. Theaverage for the benchmark 30-year, fixed-rate mortgage dippedslightly this week to 6.24%, from 6.26% last week, while theaverage for the 15-year, fixed-rate loan remained unchanged at5.89%. The average for the five-year ARM rose to 5.97% this weekfrom 5.96% last week, and the average for the one-year ARM moved to5.34%, from 5.32%.