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Fixed mortgage rates continue their upward climb - Chicago ...

Fixed mortgage rates continue their upward climb

Mark Humphrey / AP

The 30-year fixed-rate mortgage broke above the 4 percent barrier this week for the first time since July.

The 30-year fixed-rate mortgage broke above the 4 percent barrier this week for the first time since July. (Mark Humphrey / AP)

Kathy OrtonWashington Post

The 30-year fixed-rate mortgage broke above the 4 percent barrier...

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Mortgage rates rise for fourth week in a row - Chicago Tribune

Mortgage rates continued their ascent, rising for the fourth week in a row.

According to the latest data released Thursday by Freddie Mac , the 30-year fixed-rate average climbed to its highest level since last March, rising to 4.22 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.15 percent a week ago and 4.19 percent a year...

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Mortgage rates rise for the third consecutive week ...

Mortgage rates moved higher for the third week in a row.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average rose to 4.15 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.04 percent a week ago and 4.19 percent a year ago. The 30-year fixed-rate is at its highest level in 10 months.

The...

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Mortgage rates climb to their highest levels in nearly ...

Mortgage rates haven't been this high in nearly four years, just as the spring home-buying season is heating up.

According to the latest data released Thursday by Freddie Mac , the 30-year fixed-rate average shot up to 4.38 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.32 percent a week ago and 4.15 percent a year ago. The...

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How to land a mortgage without a salary. For freelancers ...

The couple had built significant equity in the Chicago condo they were selling to buy their new home, but since the lender wouldn't count Taylor's income, and the pair weren't eligible for a bridge loan (a riskier, high-interest short-term loan used to bridge the gap when immediate cash flow is needed) they were in for a more taxing move.

They sold their condo and were briefly homeless for a...

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Reverse mortgage versus home equity line of credit ...

The reverse mortgage -- or home equity conversion mortgage -- has no predetermined maturity date. The home equity line of credit typically limits the number of years you can take out the money. You have to participate in pre-loan counseling to get the reverse mortgage; there is no such requirement for a HELOC. That means you take your own risks, without the help of experts advising you regarding...

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Mortgage rates defy prediction: Is - Chicago Tribune

Mortgage rates defy prediction: Is now a good time to buy a home?

Mark Humphrey / AP

Gail...

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