Mortgage Rates are Inching Up

Mortgage Rates are Inching Up
The 30-year fixed-rate mortgage is getting closer to moving over 4 percent, as mortgage rates climb

for the second week in a row. Freddie Mac reports that fixed-rate mortgages are rising in anticipation of a possible rate increase by the Federal Reserve.

Mortgage rates followed, with the 30-year jumping 11 basis points to 3.98 percent, the highest since July. There is only one more report before the December FOMC meeting, which will have major implications on whether we see a rate hike in 2015." Source: RosaPace@realtor.com