NEW YORK, March 9 U.S. 30-year mortgage rates
rose to their highest since late December in line with a spike
in Treasury yields due to growing expectations the Federal
Reserve will raise interest rates next week, according to
mortgage finance agency Freddie Mac on Thursday.
The borrowing cost on 30-year mortgages, the most widely
held type of U.S. home loan, averaged 4.21 percent in the week
ended March 9, which was the highest since 4.32 percent in the
week ended Dec. 29 and was higher than 4.10 percent the previous
week, it said.
(Reporting by Richard Leong)