Analysts Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.06 this week, up slightly from 6.03 percent last week. Rates on 30-year mortgages remained above 6 percent, edging up to the highest level in seven weeks and reflecting continued financial market concerns about inflation. It marked the second week that 30-year rates have been above 6 percent and was the highest level since these mortgages averaged 6.13 percent the week of March 16. To get the best mortgage rate, it's always a good idea to shop around. A mortgage is just like any other product and its price and terms may be negotiable. When shopping for the best mortgage rate, it is most likely that a comparison of costs is involved. Looking for the best mortgage rate may save you thousands of dollars.
