Mortgage Rates Are On The Rise
Posted By thestatedtruth.com 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%.Â
This week’s average is the highest level since the week of Aug. 19 and marks the biggest one-week increase since June 2009.
Comments