After ascending to the highest level in more than two years, mortgage rates moved even higher and are likely to be much worse in next week’s report.

Thirty-year fixed rates on residential loans averaged 4.16 percent in the Freddie Mac Primary Mortgage Market Survey for the week ended Dec. 15.

Long-term mortgage rates have not been this high since the week that ended on Oct. 2, 2014, when Freddie reported the average at 4.19 percent.

Source: Mortgage Daily