After drifting down for the past three weeks, rates on 30-year mortgages rose to 6.73 percent this week, according to the weekly survey released by Freddie Mac Thursday.
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Rates on 30-year, fixed-rate mortgages, the benchmark for the home mortgage loan industry, fell to 6.63 percent from 6.67 percent, according to a weekly survey.
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Rates on 30-year mortgages - the industry benchmark loan - fell again this week, to 6.67 percent from 6.69 percent, according to a weekly survey.
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Rates on 30-year mortgage loans, after rising for five consecutive weeks, edged down slightly as investors digested the news suggesting economic problems stemming from the housing market could last longer than hoped.
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On recent evenings, Pat Wendelken goes online and peeks at the posted mortgage rates. She winces at what she sees.
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A spike in mortgage rates is sending shock waves through a housing market that is already struggling nationwide, causing buyers to bail on deals and weakening hopes that the market is on the cusp of recovery.
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U.S. mortgage rates extended their recent rise, soaring upward for a fifth straight week to highs not seen in nearly a year, according to the weekly survey conducted by Freddie Mac.
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Home mortgage rates shot up across the nation for the fourth consecutive week, reaching their highest level since since last summer, according to a weekly survey released by Freddie Mac Thursday.
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Another scheduled increase to adjustable rate mortgages is about to hit the nation and the state of Connecticut, which could put more families out of their homes.
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Rates on 30-year mortgages rose for a third straight week, reaching their highest level in more than eight months, Freddie Mac reported Thursday.
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