The average rate on the 30-year fixed mortgage rose above 4% for the first time in more than...

|By:, SA News Editor

The average rate on the 30-year fixed mortgage rose above 4% for the first time in more than three months, according to Freddie Mac, suggesting the window to buy or refinance a home at historically low rates is closing. The 4.08% rate was a sharp jump from last week's 3.92%; the 15-year fixed moved to 3.3% from 3.16%.