Mortgage Rates on Rise Again
Associated Press
WASHINGTON —
Interest rates for fixed-rate mortgages rose in March, the first increase in eight months, the government reported today. The Federal Home Loan Bank Board said fixed-rate loans averaged 13.7% last month, up from 13.45% in early February.
Fixed-rate mortgages reached a high last year of 15.23% in July and had declined every month since then until March.