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U.S. Mortgage Rates Increase For First Time In 7 Weeks

Posted by Bonnie Martin Designated Broker on Monday, August 6th, 2012 at 7:49am. - U.S. mortgage rates rose for the first time in seven weeks, increasing from the record lows that have helped stabilize the housing market.

The average rate for a 30-year fixed mortgage climbed to 3.55 percent in the week ended today from 3.49 percent, the lowest level in records dating to 1971, according to a statement from McLean, Virginia-based Freddie Mac. The average 15-year rate rose to 2.83 percent from 2.8 percent.

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