Mortgage Rates Jump to 6-Month High — New York Real Estate

Mortgage Rates Jump to 6-Month High

by Raja Tayeb on December 13, 2010

Mortgage Rates

Mortgage rates rose for a fourth-straight week to reach a six-month high as yields on government bonds continue to rise. The average interest on a 30-year fixed loan hit 4.61 percent, up from 4.46 percent a week ago, Freddie Mac reported.


Also, 15-year fixed loans averaged 3.96 percent, up from 3.81 percent last week; and rates for variable adjustable-rate mortgages floated higher as well.

Source: Los Angeles Times, E. Scott Reckard (12/10/10)

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This entry was posted in Foreclosures, Housing Market News Update, mortgage, New York Real Estate and tagged , , , . Bookmark the permalink.

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