Mortgage Rates Rise: Fixed-rate mortgages averaged 10.22%...
From Times Staff and Wire Reports
Mortgage Rates Rise: Fixed-rate mortgages averaged 10.22% this week, up from 10.16% last week, according to a national survey released by the Federal Home Loan Mortgage Corp. It was the highest rate since fixed-rate mortgages averaged 10.24% on Aug. 31. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 8.28%, down from 8.30% last week. The rates do not include add-on fees known as points.
