Four weeks ago, rates were at 4.17% and they have gradually risen to 4.61%, according to weekly survey that began Nov. 11.

FROM LATIMES.COM

Homebuyer alert: Got an extra $100 or so a month?

That is how much more a 30- year fixed loan for $400,000 would cost you at today’s typical interest rate compared with when rates scraped bottom four weeks ago, according to a new weekly survey released last week by Freddie Mac.

Freddie reported a fourth straight week of increases in fixed rates, with lenders offering an average 4.61% to well-qualified buyers with 20% down payments or 20% equity in the case of refinancings.

That was up from 4.46% a week earlier and 4.17% in the survey released Nov. 11. Borrowers would have paid 0.7% of the loan amount on average in upfront lender fees and points in this week’s survey compared with 0.8% four weeks ago, Freddie said.

As reported by The Times, the long bull market in bonds appears to be over, with their yields spiking higher.

Mortgage rates track the yield on the benchmark 10-year Treasury note, which has risen from 2.39% in early October to 3.24% early Thursday.

The Freddie Mac survey found that lenders were offering 15-year fixed loans at an average of 3.96% with 0.7% in fees and points, up from 3.81% last week and 3.57% four weeks ago.

The start rates for variable-rate mortgages were on the rise as

See RATES, page C39