Jobs Report Sends Mortgage Rates Jumping

Borrowers faced slightly higher mortgage interest rates this week due to a stronger-than-expected jobs report.

The benchmark 30-year fixed-rate mortgage rose to 4.48 percent from 4.35 percent last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week’s survey had an average total of 0.36 discount and origination points. One year ago, that rate stood at 3.52 percent. Four weeks ago, it was 4.42 percent.

READ THE FULL REPORT from BankRate.com


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