Rise In Mortgage Rates Could Continue

Interest rates increased last month and were also higher this week. Short-term and long-term predictions have further rate increases ahead.

At 4.24 percent, average 30-year note rates on mortgages that closed in November were 4 basis points more than they were during the preceding month.

The increase was far more substantial compared to the same 30-day period last year, when 30-year residential loan rates averaged 3.81 percent.

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From:: Financing