Summary Box: Key mortgage rate rises to 4.80 pct.

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

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


AROUND THE WEB

  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