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Mortgage Rate Expected to Rise and Curb Home Sales – That had been offset by historically low mortgage rates, but rates began rising steadily a year ago. While still low by historical standards, the average rate on a 30-year home loan was 4.51 percent.
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Online mortgage providers and mortgage brokers who work with multiple lenders will be able to compare mortgage rates and programs from numerous lenders.
MBA: Mortage Applications Rise 3.6% – The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.68% from 4.61%, with points increasing to 0.58 from 0.53 Mortgage applications last week increased.