Mortgage rates in the U.S. saw a tiny increase this week, but most popular loans remain under 4.5 percent as 2013 comes to a close.
The average rate on a 30-year fixed mortgage inched upward to 4.48 percent, according to the latest survey from mortgage buyer Freddie Mac. Last week, the 30-year fixed average was at 4.47 percent. However, at this time last year, the average was at 3.35 percent – an increase of 1.13 percent year-over-year.
While rates remain low by historical standards, averages have increased steadily after nearing record lows in May and are expected to climb higher in 2014.
Read the full article here.
CONTACT US for your Purchase, Refinance, Home Equity and Debt Consolidation loan needs today!