It has been more than two years since long-term interest rates on residential loans have been this high, and some signs point to further escalation.
In the Primary Mortgage Market Survey from Freddie Mac for the week that concluded on Dec.8, 30-year fixed rates averaged 4.13 percent.
That was the highest average for long-term mortgages rates since the week ended Oct. 2, 2014, when Freddie reported the average at 4.19 percent.
Source: Mortgage Daily
