Mortgage Rates Rise, Further Ascension Likely

Long-term mortgage rates worsened over the past week. Both short- and long-term forecasts have interest rates on single-family loans climbing even further.

Thirty-year fixed rates on conventional, conforming mortgages that are used to finance a home purchase averaged 4.14 percent in September.

The average improved compared to the preceding month, when it worked out to 4.19 percent. In September 2016, the average was 3.73 percent.

---

…read more

From:: Financing