The average 30-year fixed mortgage rate had its largest weekly increase in 10 months, according...

|By:, SA News Editor

The average 30-year fixed mortgage rate had its largest weekly increase in 10 months, according to Bankrate, +11 bps to 3.77%. The 15-year rate rose 9 bps to 3.03%, the first time over 3% since September when the Fed launched its MBS purchases for the express purpose of bringing down mortgage rates.