U.S. Average on 30-Year Mortgage Rises to 4.29%

Mortgage Rates (In this Thursday, Aug. 22, 2013,  photo, an existing home is listed as sold,  in Gilbert, Ariz. Freddie Mac Thur
Matt York/AP
By CHRISTOPHER S. RUGABER

WASHINGTON -- Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels.

Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last week. The average on the 15-year fixed ticked up to 3.3 percent from 3.27 percent.

Rates have risen nearly a full percentage point since May after the Federal Reserve signaled it might slow its bond purchases by the end of the year. Rates peaked at nearly 4.6 percent in August. But the Fed held off in September and most analysts expect it won't move until next year.

The increase in mortgage rates has contributed to a slowdown in home sales over the past two months.

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pdbliz

..Boy,,,the parade on tv is awfull.!!! WHAT HAPPEN TO MORALS.!!!
Nothing but crazy music....what happen to the good old music...??

November 28 2013 at 12:16 PM Report abuse +1 rate up rate down Reply
pdbliz

I have learned one thing.......I tried to get my 92 year old father in law into a Nursing Home........If you are broke or low income,,,,you stay free.!!!! FREE.!!!!!!
But,,if you have worked hard,,saved money and have a home,,car ect,,,,,,you pay $5,500 a month.!!!!! Sign all your essets over to them......
So,,,5 years before ...take all your money out,,,sell your house,,car and ect,,,,,
so,,what does this tell us about HARD WORK AND THE GOVERMENT.!!!!
But,,,lucky he is a WW 2 VET,,,,,,I have applied for a Veterans Home....

November 28 2013 at 7:34 AM Report abuse rate up rate down Reply
k4jlp

Total BS from the Feds...interbank rate will continue nerar ZERO percent. Simply a ploy to scare up a few more dollars of interest on the "thought" that a housing recovery is happening. Conditions will not support consumer rates over 4% on the 30 year loans...pipe dreams for the 1% percenters.

November 27 2013 at 5:47 PM Report abuse +1 rate up rate down Reply
1 reply to k4jlp's comment
pdbliz

K4JIP..........WE KNOW THAT,,,BUT,,THE LOW EDUCATED AND DEMOCRATE PEOPLE BELEIVE THIS GARBAGE.....
ALL ANOTHER SCARE PLOY........

November 28 2013 at 7:30 AM Report abuse -1 rate up rate down Reply