The numbers: Mortgage rates rose for the third week in a row, as the U.S. economy showed signs of strength with low employment and strong wage growth.
It’s up 6 basis points from the previous week — one basis point is equal... The numbers: Mortgage rates rose for the third week in a row, as the U.S. economy showed signs of strength with low employment and strong wage growth. It’s up 6 basis points from the previous week — one basis point is equal to one-hundredth of a percentage point.The average rate on the 15-year mortgage rose to 6.34% from 6.25% last week. The 15-year was at 4.59% a year ago.
Separate data by Mortgage News Daily said that the 30-year fixed-rate mortgage was averaging at 7.05% as of Thursday afternoon.
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