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Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week
Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week

Mortgage rates rose this week at the fastest pace of the year, with Freddie Mac's survey showing lenders were offering 30-year fixed-rate loans at an average of 4.23%, up from 4.12% last week.  It was the highest rate that the weekly survey has recorded since May 1, Freddie Mac reported. The average for a 15-year fixed-rate loan rose to 3.37% from 3.26%, according to the survey, released Thursday. The start rate for mortgages that become adjustable after five years at a fixed rate rose to 3.06% from 2.99%.  Translated into the terms borrowers actually receive, the increase would mean a loan at 4.25% interest per year instead of 4.125%. The monthly payment on a 30-year,...

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