September 5, 2019 / 2:51 PM / 2 months ago

U.S. 30-year mortgage rates post biggest jump since Oct - Freddie Mac

NEW YORK, Sept 19 (Reuters) - Borrowing costs on U.S. 30-year fixed-rate mortgages recorded their steepest weekly increase since October in response to higher bond yields amid reduced worries about U.S.-China trade tensions, Freddie Mac said on Thursday.

The interest rates on 30-year mortgages averaged 3.73% in the week ended Sept. 19, up from 3.56% the week before but down from 4.65% a year ago, the mortgage finance agency said.

Two week earlier, they stood at 3.49%, their lowest level since October 2016. (Reporting by Richard Leong Editing by Andrew Heavens)

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