Mortgage rates continue to climb

Printer-friendly versionSend by email

Mortgage rates rose again last week, hitting their highest level since July, according to The Wall Street Journal.

December 16, 2010

 

Mortgage rates rose again last week, hitting their highest level since July, according to The Wall Street Journal.

The 30-year-fixed-rate mortgage averaged 4.66% last week, increasing from 4.56% two weeks ago. Although it’s still below the year-to-date average of 4.74%, the rate has jumped sharply since hitting a low of 4.21% in October.

The rise will likely hamper refinance activity, which was down 1% for the week and 8% from a year ago.

Mortgage rates are closely tied to the 10-year Treasury, which has risen in recent weeks and jumped the past few days after the tax-cut compromise.

Comments on: "Mortgage rates continue to climb"

April 2014

This Month in Professional Builder

Getting Beyond the Impasse

Outstanding Outdoor Spaces

Taming the Chaos

Designs for First-time Buyers

DIGITAL EDITION
Products

The 2015 Chevrolet Silverado 2500HD delivers the capability heavy-duty truck customers demand, along with greater refinement and control for more comfort and confidence.

Features

Matt Ivey shares how Ivey Homes found a successful medium between in-house sales and outsourcing.