Mortgage Rates Reverse Course and Rise

2008 January 31

Fixed-rate mortgages rise in step with Treasury bond yields: economist

Mortgage rates rose this week, ending about a month of declines, according to Freddie Mac’s weekly survey released Thursday.

“The movement in fixed mortgage rates was broadly consistent with the movements of Treasury bonds over the week,” said Frank Nothaft, Freddie Mac chief economist, in a news release. The 30- and 15-year fixed-rate mortgages rose by about 0.2 percentage points, he said, erasing the previous week’s decline.

MORTGAGES - U.S. mortgage rates reverse course and rise

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