SAN FRANCISCO-The average rates on fixed loans that extend for 30 years increased 4.23% in the latest week when compared to 4.21% in the last week. For 15-year fixed mortgages, the average rates increased to 3.66% in the latest week when compared to 3.64% in the previous week.
Investors are spending more in treasury bonds as they are expecting that the Federal Reserve would purchase treasury bonds to boost the economy. As a result, the rates have been declining since April 2010. For the full story, go to San Francisco Chronicle.
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