Mortgage Rates Slip Upward for Third Straight Week

By Kyle Chezum Updated on 12/2/2010

12/02/2010

According to a survey conducted by Freddie Mac, mortgage rates increased again this week for the third straight week in a row, hitting an average level of 4.46%.  Last month, rates touched a low point of 4.17% and have increased ever since.

The rise is tied to bond yields, which have been ticking steadily upward.  Freddie Mac’s survey has been taken as an indication that the economy as a whole may be improving.

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