Mortgage rates on rise again

MGN Online
Friday, February 21, 2014 - 10:15am

Mortgage rates are on the rise again.The average rate for a 30-year fixed loan jumped to 4-point-33 percent, according to Freddie Mac.
 

That's up from 4-point-28 percent last week. The average rate for a 15-year fixed loan rose to 3-point-35 percent. Mortgage rates are up about a full percentage point since hitting record lows about a year ago.

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Reader Comments

Home prices are anticipated to keep falling for at least the next few months. Mortgage rates are still coming off record lows several months ago, and people who can get the financing may never have to run out for same day loans to cover the mortgage payment if a low rate can be locked in.

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