Long-Term Mortgage Rates Rise Despite Fed's Interest-Rate Cut. (20-APR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Long-Term Mortgage Rates Rise Despite Fed's Interest-Rate Cut.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 20-APR-01

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Byline: Eric Herman

Apr. 20--Long-term mortgage rates rose this week to a three-month high despite Wednesday's surprise interest rate cut by the Fed.

But one-year adjustable rate mortgages dipped to 6.08 percent , their lowest point in almost two years.

A study released yesterday by Freddie Mac, the government-chartered mortgage company, showed the average interest rate nationwide on a...

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