December 4, 2009 / 9:25 PM / 10 years ago

US 30-year mortgage rate jumps on Friday-Zillow

NEW YORK, Dec 4 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose to 4.79 percent on Friday after hitting a record low of 4.52 percent earlier in the week, according to real estate website Zillow.com.

The 30-year fixed-rate mortgage, the most widely used home loan, was at 4.63 percent on Thursday and has been at historic lows, hovering at or below 5 percent since early September, according to Zillow Mortgage Marketplace.

The higher rates reflect a sharp rise in yields on U.S. government bonds.

The lowest mortgage rates in decades and high affordability have helped the hard-hit housing market find some footing this year after a three-year slump.

Higher rates, however, may hurt home loan demand. (Editing by Dan Grebler) ((Reuters Messaging: julie.haviv.reuters.com@reuters.net; e-mail: julie.haviv@thomsonreuters.com; Tel: +1 646 223-6153))

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