Mortgage Rates Jump Up
More bad news for housing...
The average for the benchmark 30-year fixed-rate home mortgage rose sharply in the week ended yesterday, to 6.74% from 6.53% last week, according to Freddie Mac.The mortgage agency said its weekly survey showed the 15-year loan also spiked, to 6.43% from 6.22%.
The one-year Treasury-indexed adjustable-rate mortgage increased to 5.75% from 5.65%, while the five-year hybrid ARM averaged 6.37%, up from 6.24% last week.
Reference
Mortgage Rates Jump the Most In Over 3 Years - WSJ.com
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