Summary Box: Mortgage rates rise to 4.23 pct.

AP News
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Posted: Oct 28, 2010 3:38 PM
Summary Box: Mortgage rates rise to 4.23 pct.

MORTGAGE RATES UP SLIGHTLY: The average rate for 30-year fixed mortgages rose to 4.23 percent, just above the lowest level in decades, according to mortgage buyer Freddie Mac.

15-YEAR LOANS UP TOO: Rates on 15-year fixed loans rose to an average of 3.66 percent.

HOUSING MARKET WEAK: Low rates haven't been much help for the struggling housing market, which recorded its worst summer in more than a decade. They have led to a modest surge in refinancing.