Friday, July 12, 2013

DailyMarkets.com - US Mortgage Rates Rise Again While Mortgage Applications Decrease

DailyMarkets.com - US Mortgage Rates Rise Again While Mortgage Applications Decrease


US Mortgage Rates Rise Again While Mortgage Applications Decrease

Posted: 11 Jul 2013 08:49 PM PDT

This week mortgage applications dropped 4% compared to the previous week while all mortgage rates have increased substantially. According to Freddie Mac, 1-year rates are the only mortgages that didn't increase this week, but they are still at their highest rate this year.

30-year fixed-rate mortgages increased from 4.29% last week to 4.51% this week, which is one of the highest 30-year rates we've seen since 2012.

15-year fixed-rate mortgages also increased from 3.39% last week to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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