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U.S. 30-year mortgage rates hit highest in over 2 years - Freddie
December 8, 2016 / 3:29 PM / 9 months ago

U.S. 30-year mortgage rates hit highest in over 2 years - Freddie

NEW YORK, Dec 8 (Reuters) - The average interest rate on U.S. 30-year fixed-rate mortgages rose to its highest levels in more than two years even as benchmark Treasury yields retreated from near 1-1/2 year peaks, mortgage finance agency Freddie Mac said on Thursday.

The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.13 percent in the week ended Dec. 8, which was the highest since 4.19 percent in the week of Oct. 2, 2014. Last week, the 30-year mortgage rates averaged 4.08 percent, it said. (Reporting by Richard Leong)

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