Summary Box: Mortgage rates rise to 4.21 pct.

AP News
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Posted: Oct 21, 2010 6:13 PM
Summary Box: Mortgage rates rise to 4.21 pct.

RATES CREEP UP: Average rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. That's up from 4.19 percent a week earlier, the lowest on records dating back to 1971, according to mortgage buyer Freddie Mac.

15-YEAR LOANS RISE TOO: The average rate on 15-year fixed loans rose to 3.64 percent. That was up from 3.62 percent a week earlier, the lowest on records dating back to 1991.

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NO HOUSING HELP: Low rates haven't helped the struggling housing market, which recorded its worst summer in more than a decade.