Fixed-Rate Mortgages Rise: The rate jumped into...
From Times Staff and Wire Reports
Fixed-Rate Mortgages Rise: The rate jumped into the double digits for the first time in a month and averaged 10.08% during last week, according to a national survey by the Federal Home Loan Mortgage Corp. The rate was up from 9.84% the previous week and was the highest since mortgage costs averaged 10.11% during the week ending July 13. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 8.39%, up from 8.38% last week. The rates do not include add-on fees known as points.
