Mortgage Rates Hit 2015 High as Jobs Rebound
Long-term mortgage interest rates jumped up in the latest week, as investors responded to news that American job creation outpaced predictions in February. The average rate on a 30-year fixed-rate conventional mortgage bounced up to 3.86 percent, excluding fees, during the week ended March 12, according to Freddie Mac, up from 3.75 percent the week before . That is the highest level year-to-date although still historically low. The 30-year loan rate has not averaged above 4 percent since November Read more [...]
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