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Mortgage Rates Hit Highest Levels In A Year

Mortgage Rates Hit Highest Levels In A Year

| Jun 12, 2013 | Housing Market

According to Freddie Mac, 30-year loan rates jumped to 3.91%, a 0.10% increase from last week. The average 15-year rate Mortgage in the United States averaged 3.03%, increasing to the highest average seen in a year. Affordable mortgages have helped the economy and housing market grow, boosting home prices and sales since the housing recovery began. Additionally, home prices jumped 12.1% from April 2012 to April 2013, the largest increase seen  since early 2012. More here

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