Mortgage Rates Reach Three-Month High
Long-term U.S. mortgage rates shot up in the latest week as better-than-expected economic data helped pushed bond yields lower, according to Freddie Mac. The average rate on a 30-year year conventional fixed rate mortgage (FRM) jumped to 4.46 percent, excluding points during the week ended Dec. 5, up from 4.29 percent. Rates have not been that high since the week ended Sept. 19 when they reached 4.50 percent. One year ago it was 3.34 percent. The average on a 15-year FRM climbed to 3.47 percent Read more [...]
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