Mortgage rates continue to riseby Tim Manni
For the last few weeks I’ve been reporting that mortgage rates are rising. Today was no different. At the close of business today, the 30-year conforming fixed-rate mortgage increased to 4.78 percent, up from last week’s average of 4.62 percent. This is well above our most recent low of 4.32 percent back on October 22, 2010.
Concerned about rising mortgage rates? If so, be sure to read “What to do when mortgage rates are rising.”