The long stretch of historically low mortgage rates could be ending as signaled by last week’s rate rise. So reports the Associated Press.
The 30-year fixed rate averaged 2.79% in the week ending January 14, up 14 basis points from the previous week.
Home loans were at record lows the previous week and the 30-year stood at 3.65% a year ago.
Read the full article from the Associated Press.
Source: themortgageleader.com