Mortgage rates in the United States have hit their high since January 2014, as a weekly review of Freddie Mac state mortgage corporation has revealed.
The average fixed interest rate on a mortgage loan for 30 years has risen up to 4.46% per annum. Since the beginning of the year, the average rate has increased by almost 0.5%, while the cost of lending has been growing for the last nine weeks.
Meanwhile, the rate does not take into account possible commissions and other payments related to the mortgage. Mortgage loans for 15 years are given at an average rate of 3.94 percent.
The increase in the cost of mortgages is caused by rising returns of the US government bonds.