Rates rise after weeks of decline

Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday.

The average rate on 30-year, fixed-rate mortgages was 4.81 percent, up from a record-low 4.71 percent last week. The increase broke a five-week streak of declining loan rates.

Last year at this time, the average fixed rate for 30-year mortgages was 5.47 percent.

Full story is available on The Washington Post

Share

No Comments

Leave a reply