Mortgage Rates Escalate, Further Ascension Ahead

Long-term mortgage rates climbed to the highest level so far this year, have increased for four weeks in a row now and are expected to rise further.

During the week ended Nov. 23, thirty-year fixed rates averaged 4.03 percent, according to Freddie Mac’s Primary Mortgage Market Survey.

The latest average marks the first time this year it was above 4 percent and the highest level since it was 4.04 percent in the week ended July 23, 2015.

---

…read more

From:: Financing