Weekly rates on single-family loans moved higher, and it was a similar story for monthly rates. Forecasts call for further ascension in the upcoming week and year.

On conforming fixed-rate loans to finance a home purchase, LendingTree said its network of lenders offered annual percentage rates that averaged 4.42 percent in December 2017.

In addition to increasing 12 basis points from the preceding month, average 30-year fixed-rate APRs climbed to the highest level since July 2016.

Source: Mortgage Daily