Job growth drives mortgage rate jump

Posted by Bonnie Martin Designated Broker on Tuesday, December 17th, 2013 at 9:04am.

interest__max5128_450money.cnn.com - Mortgage rates jumped this week on stronger-than-expected economic reports, according to Freddie Mac's weekly survey.

The 30-year, fixed-rate loan, the most popular product for homebuyers, rose to 4.46% from 4.29% last week. The average rate on a 15-year, fixed-rate mortgage, typically used for refinancing higher interest mortgages, also jumped 0.17 percentage point to 3.47%.

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