Fixed Mortgage Rates Rise to 4.39%

NEW YORK CITY-Fixed mortgage rates have increased from their lowest levels this week.

By GlobeSt News Hub | Updated on November 18, 2010

NEW YORK CITY-Fixed mortgage rates have increased from their lowest levels this week. Freddie Mac has said that the average value for 30-year fixed loans jumped to 4.39% from 4.17%, the lowest level recorded since the mortgage buyer started tracking rates in 1971.

The 15-year fixed rate loans also rose to 3.76% from 3.75%, the lowest mortgage rate since 1991. Since Treasury yields have increased to their highest level, mortgage rates have also climbed up. For the full story, go to Chicago Sun Times.

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