The Mortgage rates 30-year loans rise to 4.46 percent as economy improves

Fixed-rate mortgages rose this week after another hit the lowest level in decades last month.

Freddie Mac said Thursday that the average 30-year fixed-rate loans rose to 4.46 percent from 4.40 percent last week. Three weeks ago, the rate reached 4.17 percent, and history can be traced back to the lowest level recorded in 1971.

In the 15-year loans rose to 3.81 percent from 3.77 percent. It touched the lowest since the survey began in 1991, a month ago, when interest rates fell to 3.57 percent.

Light to reverse the economic situation in mortgage rates, which fell in April, has been in the direction. Investors seek higher returns from stocks and other securities transferred to the higher risk investments.

As the demand for U.S. Treasury bonds fell, investors demand higher yields the government. Mortgage rates tend to track those yields.

The yield has increased from nearly a month of low annual economic outlook brightened. They rose again Wednesday after reports showed that factories increase production, vehicle sales rise and strong economic growth seen in many parts of the country.

Low interest rates have on the troubled housing market have limited impact. Signed a contract to buy a third consecutive month in October to increase the number of homes, the National Association of Realtors said Thursday. However, even after signing the contract hit a decade low in June low.

Calculate the average


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Mortgage rates, mortgage collection Wednesday of each week from across the country by lending rates on Monday. Prices tend to fluctuate significantly, even in a single day.

Meanwhile, the 5-year floating rate mortgage average interest rate of 3.49 percent, from 3.45 percent a week ago.

One-year adjustable-rate mortgage rates rose to 3.25 from 3.23 percent last week.

The rates do not include additional fees, points. One thing is equal to 1 percent of the total loan amount.

For Freddie Mac's survey 30-year mortgages, the average cost of 0.8 points. This is 0.7 points, a 15-year fixed loan, and 0.6 and the one-year 5-year mortgage loans.

Related costs unchanged from last week