Mortgage rates increase, just as home-sales activity regains momentum

Jacob Passy
Mortgage rates increase, just as home-sales activity regains momentum

Mortgage rates rose on a weekly basis for the second week in a row, potentially threatening to put a damper on home sales just as the real-estate market’s outlook was brightening. The 30-year fixed-rate mortgage averaged 3.73% during the week ending Sept. 19, rising 13 basis points from the previous week, Freddie Mac (FMCC)  reported Thursday. The 15-year fixed-rate mortgage increased 12 basis points to an average of 3.21%, according to Freddie Mac.