mortgage rates respond to Dow Jone financial news

Freddie Mac reports that interest on 30-year, fixed rate mortgages rose to an average of 5.15 percent this past week, up from 5.07 percent a week earlier. Mortgage rates increased along with the increase in bond yields following reports of a decline in economic growth in the fourth quarter and rising jobless claims, according to Freddie Mac chief economist Frank Nothaft. He also cites the slowing housing market as a factor…read more about Nashville mortgage rates rising.

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