NEW YORK Dec 8 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)