Rates Hit 6-Month High!

Mortgage rates rose for a fourth straight week to reach a six-month high, as yields on government bonds continue to rise. The average interest on a 30-year fixed loan hit 4.61 percent this past week, up from 4.46 percent a week earlier, Freddie Mac reported. Also, 15-year fixed loans averaged 3.96 percent, up from 3.81 percent the previous week; and rates for variable adjustable-rate mortgages floated higher as well.

[SOURCE: Freddie Mac]