Mortgage Rates Rise for Seventh Straight Week

Mortgage rates are on an upward run that has now lasted seven consecutive weeks. So reports Bloomberg.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.18% in the week ending April 1.

That’s up one basis point from the previous week, but it’s the highest level since June, and it compares with an all-time low of 2.65% in early January.

Read the full article from Bloomberg.

Source: themortgageleader.com