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News Link • Housing

U.S. 30-year mortgage rates hit seven-year peak: Freddie Mac

• by Reuters

Thirty-year mortgage rates averaged 4.72 percent in the week ended Sept. 27, up from 4.65 percent the week before and the highest since 4.78 percent in week of April 28, 2011, the U.S. mortgage finance agency said.

On Tuesday, the benchmark 10-year Treasury yield touched 3.113 percent, the highest level in four months.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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