30 Year Mortgage Back Over 4%

Washington, DC, March 22, 2012 -- The average rate for a 30-year fixed mortgage rose above 4% for the first time in more than three months, according to Freddie Mac.

The rate on the 30-year loan jumped to 4.08%, up from 3.92% the previous week. A month ago, it touched 3.87%, the lowest since long-term mortgages began in the 1950s.

The average on the 15-year fixed mortgage rose to 3.30%, up from 3.16% last week and a record low of 3.13% two weeks ago.