2008-10-30housingwire.com

"Fixed mortgage rates jumped up significantly this week, as investors in the secondary mortgage market wrestled with supply and demand issues in the agency MBS market. Freddie Mac (FRE: 1.115 +3.24%) reported Thursday that the average rate on a 30-year fixed-rate mortgage jumped 42 basis points to 6.46 percent with an average 0.7 point for the week ending Oct. 30. Rates are above last year’s levels, when the 30-year fixed-rate mortgage was at an average of 6.26 percent."


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