Mortgages rates up this week
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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on
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Bank mortgage approvals rose by 3.7% in October, compared with the same time last year, industry figures show.
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U.S. mortgage applications rose last week, with both new purchases and refinancings driven up by the lowest long-term home loan rates since early December, an industry trade group said on Wednesday.
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New applications for U.S. home loans  rose last week to their highest level in four months even  though mortgage rates ticked upward from their recent lows, an  industry group said on Wednesday.
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Investor's Business Daily - Applications rose 2.4% in the week ended Sept. 14, the 3rd straight gain, the Mortgage Bankers Association said. Applications to refinance rose 4.6% as borrowers sought to prevent rate resets from boosting their monthly payments. Home purchase applications rose 0.9%. Fixed 30-year mortgage rates rose 4 basis points to 6.29%. The 1-year adjustable rate rose to 6.39% from 6.34%.
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The weekly survey from mortgage company Freddie Mac had rates on 30-year fixed-rate mortgages inching higher this week, up to an average 5.82 percent from last week&#39;s 5.81 percent.
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The stock market rose for the week as upbeat economic news offset concerns about inflation and interest rates.
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Sentiment towards sterling has improved since the release of data revealing that mortgage lending remains strong, raising the possibility that the Bank of England may still need to keep hiking interest rates.
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Interest rates on U.S. 30-year and  15-year mortgages edged higher this week amid signs the economy  is improving, stoking inflation concerns, mortgage finance  company Freddie Mac said on Thursday.
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Applications for home mortgages jumped  for a third consecutive week as plunging interest rates  encouraged more homeowners to seek refinancings, an industry  group said on Wednesday.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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The Bank of England is expected to raise interest rates to 5.75% at its monthly meeting this week.
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British house price inflation remained  in double-digits in June and prices in the service sector  accelerated, according to two separate surveys on Wednesday  that reinforced expectations interest rates would go up this  week.
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New applications for U.S. home  mortgages rose last week as lower interest rates spurred  purchases, an industry group said on Wednesday.
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New applications for U.S. home loans  rose last week while refinancings surged, as 30-year mortgage  interest rates fell to their lowest level in over four months,  an industry group said on Wednesday.
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Mortgage rates around the country went up last week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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U.S. mortgage applications rose for a  second consecutive week, driven by increased demand for home  purchase loans as interest rates remained near a recent  four-year high, an industry trade group said on Wednesday.