NEW YORK (Reuters) - U.S. 30-year mortgage rates inched higher in the latest week despite a drop in bond yields, according to mortgage finance agency Freddie Mac (PK:FMCC) on Thursday.
The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.16 percent in the week ended Feb. 23, up from 4.15 percent the previous week, it said.