Morning Minute: Mortgage rates climb above 4 percent, but still lower than a year ago

Fixed mortgage rates inched a little higher this week, climbing just over 4 percent, but rates still remain lower than a  year ago. Freddie Mac economists attributed the increase to stronger economic news. The 30-year, fixed rate mortgage averaged 4.02 percent this week while the 15-year, fixed averaged 3.21 percent. Read more.

In other headlines:

5 Million Households Lost to Roomie Trend – Daily Real Estate News

Institutional investment in housing drops to 4-year low – HousingWire

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