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by CareyBot

Mortgage rates climbed this week following Friday's Department of Labor announcement that the economy created significantly more jobs in December than expected, Freddie Mac said today. The 30-year fixed-rate mortgage rose to an average 6.21 percent this week from 6.18 percent last week, according to Freddie Mac's weekly survey, while the 15-year fixed-rate mortgage gained from 5.94 percent to 5.96 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on these loans. "The December employment report came in higher than expected, providing a lift to interest rates," said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement. "The gain in employment in December exceeded the consensus forecast, and helped ...