US Mortgage Interest Rates Climb for Fourth Straight Week as Fed Considers Rate Hikes

A for sale sign is seen near a house in South Pasadena, Calif., on April 24, 2020. Frederic J. Brown/AFP via Getty Images

U.S. interest rates for home loans rose for a fourth straight week by Jan. 14, as mortgage applications increased 2.3 percent from a week earlier, according to the Market Composite Index (MCI), a measure of mortgage loan application volume.

On an unadjusted basis, the MCI increased 3 percent compared with the previous week.