Friday, June 28, 2013

DailyMarkets.com - US Mortgage Rates Jump, Reaching Highest Levels This Year

DailyMarkets.com - US Mortgage Rates Jump, Reaching Highest Levels This Year


US Mortgage Rates Jump, Reaching Highest Levels This Year

Posted: 28 Jun 2013 04:35 AM PDT

This week mortgage applications decreased by 3% compared to the previous week, which is not too surprising considering the huge increase of all US mortgages this week, some of which have even increased by more than 0.5%.

According to Freddie Mac, all mortgage rates this week have increased substantially, reaching rates well above the highest rates we've seen in 2013 so far.

30-year fixed-rate mortgages increased by more than 0.5% this week, reaching 4.46% compared to 3.93% last week. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

No comments:

Post a Comment