Refinancing

Economic News Lifts Mortgage Rates 

Mortgage rates rebounded this week following upbeat economic reports on employment and retail sales. The average 30-year fixed rate mortgage increased to 6.13 percent, which is still the third-lowest level of 2006. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.24 discount and origination points.