Advertisement

Mortgage rates jump amid bond sell-off

Share

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Mortgage rates jumped dramatically this week amid a sell-off of all kinds of bonds, according to data released Thursday.

The rate for a 30-year fixed-rate mortgage averaged 4.39% with an average 0.9 point, up from last week’s 4.17% rate, according to Freddie Mac’s primary mortgage market survey.

The rate for a 15-year fixed-rate mortgage averaged 3.76% with an average 0.7% point, up from last week when the rate averaged 3.57%.

Advertisement

Mortgage rates have been near or at record levels since April and have been an important factor in stabilizing the nation’s housing market. A significant increase in rates would put further downward pressure on home prices.

-- Alejandro Lazo

Advertisement