Mortgage rates deteriorated this past week, and last week’s solid jobs report ensures that further increases are ahead. Adjustable-rate mortgage indices saw disparate movement.
A 6-basis-point ascension from one week previous left 30-year fixed rates on single-family loans at 4.60 percent in the seven days that concluded on Sept. 13.
That was according to Freddie Mac’s Primary Mortgage Market Survey, which indicated that long-term interest rates were also higher than 3.78 percent in the same week last year.
Source: Mortgage Daily