In the largest increase since November of 2013, the 30-year fixed mortgage rate rose 14 basis points from one week ago to 4.19 percent, although it peaked on Sunday at 4.30 percent and then fell, according to worldpropertychannel.com. Erin Lantz of Zillow says the rates hit a five-month high last week in anticipation of the possibility that the Federal Reserve might raise the interest rate this week, but as MHProNews noted earlier, the Fed is holding the line on interest rates until at least next summer. The rate for a 15-year fixed home loan currently sits at 3.26 percent. ##

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