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US mortgage rates up 1/8 point on Monday -BestInfo

Mon Aug 4, 2008 4:30pm EDT

NEW YORK, Aug 4 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose by 1/8 percentage point to 6-3/4 percent on Monday, according to BestInfo Inc.

Bonds  |  Global Markets

The 30-year mortgage rate with one upfront point increased by 1/8 percentage point to 6-1/2 percent.

The 30-year mortgage rate with two upfront points also climbed by 1/8 percentage point, to 6-1/4 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Lynn Adler)



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