Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
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This Was The Worst Week for Mortgage Rates in 3 Ye

:This Was The Worst Week for Mortgage Rates in 3 Years--And it May Be Just The Beginning

Bad news for borrowers--the average 30-year fixed-rate mortgage is now 20 basis points higher than it was on Monday and 36 basis points higher than its last low on Sept. 4. Mortgage applications to refinance a home loan were essentially flat last week, despite the low rates, according to the Mortgage Bankers Association.

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