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U.S. 30-year mortgage rates rise in latest week: Freddie Mac

Kitco News

NEW YORK (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose for a second week in step with higher bond yields due to less pessimism about global economic growth, Freddie Mac said on Thursday.

Thirty-year mortgage rates averaged 4.12% in the week ended April 11, up from the previous week’s 4.08%. Two weeks earlier, they fell to 4.06%, which was the lowest since Jan. 18, 2018, the mortgage finance agency said.

Reporting by Richard Leong

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