WASHINGTON, Oct. 28 (UPI) -- Average interest rates for 30-year fixed-rate mortgages rose, but remain near record lows, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Average interest rates for fixed-rate 30-year contracts rose off 59-year lows to 4.21 percent a week ago. The average rate in the week ending Oct. 28 rose for the second consecutive week to 4.23 percent with 0.8 points, Freddie Mac said. Rates for 30-year contracts have remained under 5 percent for 25 consecutive weeks.