30-Year fixed-rate mortgages rise across the U.S

Mortgage rates increased across the U.S, which makes it two straight weeks now. It was the 30-year mortgages that were hit with the highest rate, which is now at its highest since February, which now stands at 6.22%.

The government had said that job numbers were better than they expected, and that unemployment numbers had fell 4.4%, which is what forced the rate rise. It now looks as if the higher rate is here to stay for a while.

Even with the recent interest rate rise, this has not put people off with mortgage refinancing, as things are still very strong in that market.

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