Las Vegas and Henderson Homes and Real Estate

In an article from Bloomberg on December 24, Freddie Mac is reporting mortgage rates for a fixed 30-year U.S. home loan has increased for a third consecutive week to the highest in three month.

An excerpt from that article states:

"The rate for the week ended today increased to 5.05 percent from 4.94 percent. It set a record low 4.71 percent in the week ended Dec. 3. The average 15-year rate was 4.45 percent, the McLean, Virginia-based company said today in a statement.

Mortgage rates are rising along with yields on the benchmark 10-year Treasury note. Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in four months this week, signaling interest rates on new home loans may continue climbing.

"The housing markets in recovery," Brian Bethune, chief financial economist at IHS Global Insight in Lexington, Massachusetts, said."

For the complete article, please visit the website:

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