Monthly mortgage rates climbed to the highest level in two years, while the weekly average was the highest it’s been in more than four years.
During February, annual percentage rates offered on purchase-money mortgages were 4.80 percent, up 25 basis points from January to the highest level since March 2016.
But for borrowers with the best profiles, APRs averaged just 4.22 percent last month. The APRs are based on 30-year mortgages that have fixed rates.
Source: Mortgage Daily