On a month-over-month basis, mortgage rates were slightly worse. But the deterioration deepened on a week-over-week basis. Further increases are likely.

Ellie Mae Inc. reported in its Origination Insight Report | August 2018 that 30-year note rates on home loans closed last month averaged 4.92 percent.

The average crept up from 4.91 percent the preceding month. A far more significant ascension was recorded versus a year prior, when the average was 4.27 percent.

Source: Mortgage Daily