The average interest for 30-year fixed-rate mortgages is nearing 4 percent again. as most experts were betting that rates would be on the rise, says Mark Hamrick, Bankrate’s senior economic analyst.
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The benchmark 30-year fixed-rate mortgage rose this week to 3.97 percent from 3.95 percent a week ago, according to Bankrate's weekly.
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A strong demand for bonds typically sends mortgage rates lower.. Bankrate. com, which puts out a weekly mortgage rate trend index, found.
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“Even then, all the recent underperformance seen in mortgages won’t vanish instantly. It will be a gradual return to a more.