Mortgage Rates Near This Year's High

According HSH’s Weekly Mortgage Rates Radar, mortgage rates have inched up from last week. 30-year fixed-rate mortgages rose 0.07% from last week, averaging 3.68% this week while conforming 5/1 Hybrid Adjustable Rate Mortgage rates also jumped 3 basis points averaging 2.62%. The vice president of HSH.com, Keith Gumbinger said, “after reaching lows for the year just four weeks ago, and despite plenty of mixed economic signals, 30-year fixed mortgage rates have quickly moved back to near this year’s highs.” More here

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