Friday, June 14, 2013

DailyMarkets.com - US Mortgage Rates Rise While Mortgage Applications Increase

DailyMarkets.com - US Mortgage Rates Rise While Mortgage Applications Increase


US Mortgage Rates Rise While Mortgage Applications Increase

Posted: 14 Jun 2013 07:11 AM PDT

This week mortgage applications increased 5% compared to the previous week. However, mortgage rates have also continued to increase, with all rates increasing this week compared to the previous week except for 1-year mortgage rates, which have remained stable.

30-year fixed-rate mortgages increased from 3.91% last week to 3.98% this week. This is the highest rate we've seen in 30-year mortgages since April 2012.

According to Freddie Mac, 15-year fixed-rate mortgages also increased to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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