Job gains spark rise in mortgage rates
Thursday, January 11th, 2007Economy added 167,000 jobs in December, report finds
Mortgage rates climbed this week following Friday’s Department of Labor announcement that the economy created significantly more jobs in December than expected, Freddie Mac said today.
The 30-year fixed-rate mortgage rose to an average 6.21 percent this week from 6.18 percent last week, according to Freddie Mac’s weekly survey, while the 15-year fixed-rate mortgage gained from 5.94 percent to 5.96 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on these loans.




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