Rates for home loans rose to a six-week high as upbeat economic data and a bulging deficit spurred a yield-lifting bond sell-off and big questions gripped the housing market.
The 30-year fixed-rate mortgage averaged 4.60% in the Sept. 13 week, according to Freddie Mac’s weekly survey. That was up six basis points during the week, and marked the third straight weekly gain. The 15-year fixed-rate mortgage averaged 4.06%, up from 3.99%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.93%, unchanged during the week.
By Andrea Riquier