Getting your player ready...
30-year mortgage rates rise on inflation anxiety
National rates on 30-year mortgages jumped last week to the highest level in five months, reflecting financial market anxieties about inflation. Mortgage giant Freddie Mac reported Thursday that the nationwide average for 30-year, fixed-rate mortgages rose last week to 5.91 percent, up from 5.80 percent for the week ended Sept. 22. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 3.88 percent. The Cost of Funds Index for July from the Federal Home Loan Bank (11th District) was 2.757 percent.
