Mortgage Rates Reach Two-Month High
With some encouragement from Federal Reserve Chairwoman Janet Yellen, long-term mortgage interest rates rose in the latest week, according to mortgage giant Freddie Mac, hitting a nine-week peak. The average rate on a 30-year fixed rate mortgage jumped to 4.40 percent, excluding fees, during the week ended March 27, up from 4.32 percent the week before. Rates have not been this high since the middle of January. Last year at the same time, the average rate was only 3.57 percent. "Mortgage rates Read more [...]
Related Links
