Thursday, June 30, 2011

Rates on 30-year mortgages edging up

With the yield on the benchmark 10-year Treasury bond rising nearly a third of a percentage point by Thursday from last Friday, mortgage rates, which have averaged 4.5% for the last four weeks, are following slowly, officials say. After hovering for four weeks at 4.5%, the 30-year fixed-rate home loan appears to be heading higher.

Read the rest of the article at the Los Angeles Times

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