HOME MORTGAGE LOAN RATES – RATES INCREASE TO 5.15%

"Home mortgage loan rates dropped below 5.1% earlier this week but it looks like we are going to close out this Friday with mortgage interest rates around 5.15%. For most of this week we have seen average mortgage rates between 5.05% and 5.2%. This narrow range is to be expected after a few weeks of extremely volatile mortgage rates. For most of August, we saw the 30 year fixed rate mortgage between 5% and 5.5% but there were heavy weekly swings each way until this last full week in the month."