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Mortgage rates continue their ascent onward into mid-October

7 days ago   |   By Inman

Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac's weekly lender survey.
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US average mortgage rates jump; 30-year loan at 3.05%

7 days ago   |   By Chron

WASHINGTON - Average long-term mortgage rates jumped this week, with the benchmark 30-year loan again breaching 3%.
Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage rose to 3.05% from 2.99% last week. That is its highest level since April, when it peaked at 3.18%. The key rate stood at 2.81% this time last year.
The rate for a 15-year loan, a popular option for homeowners refinancing their mortgages, rose to 2.30% from 2.23% last week.
The increase in mortgage rates came amid continued inflation pressures as the coronavirus pandemic lingers. The...
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