Summary Box: Key mortgage rate rises to 4.80 pct.

Associated Press Modified: January 27, 2011 at 12:09 pm •  Published: January 27, 2011

KEY RATE RISES: Freddie Mac said the average rate on the 30-year fixed mortgage rose to 4.80 percent from 4.74 percent. The rate on the 15-year fixed loan also edged up to 4.09 percent from 4.05 percent.

CONSECUTIVE INCREASES: Mortgage rates rose for the second week in a row, riding higher bond yields.

HOUSING IMPACT: Historically low mortgage rates last year did little to help the beleaguered market as sales of previously owned homes were the worst on record since 1997.

Trending Now


  1. 1
    Oklahoma State's Justin Gilbert signs his rookie contract with the Cleveland Browns
  2. 2
    Kevin Durant asks for your basketball videos in Summer is Serious 2
  3. 3
    Big 12 basketball: Time, TV listing announced for Sooners' December game against Washington
  4. 4
    Lawsuit: 'Duck Dynasty' stole 'camo' idea
  5. 5
    Here's What Gaza Explosions Look Like From Space
+ show more