Mortgage Rates Are On The Rise

Posted By on November 18, 2010

Home-mortgage rates surged to their highest level in three months, showing implications of the recent spike in Treasury yields and causing another headache for the Fed.

The rate for a 30-year, fixed-rate mortgage averaged 4.39% last week, according to Freddie Mac, up from a record-low 4.17% the week before. Rates on 15-year fixed-rate mortgages were 3.76%, up from 3.57%. 

This week’s average is the highest level since the week of Aug. 19 and marks the biggest one-week increase since June 2009.

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