WASHINGTON — Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91
Mortgage buyer Freddie Mac says the 15-year home loan, frequently used by homeowners who refinanced their mortgages, also jumped, rising to 3.21
Mortgage rates have picked up a bit in the past month. The average 30-year rate fell to 3.78
Rates on home loans typically track the yield on 10-year Treasury notes, which have increased in recent weeks. Federal Reserve policymakers indicated in a meeting last month that they are likely to raise short-term rates for the third time this year in December, a move that can also lift longer-term rates.
Christopher S. Rugaber, The Associated Press