Mortgage Rates Stable as National Home Prices are Up 3.6 Percent in Case-Shiller Index

Average mortgage rates remained stable overnight and another positive housing report was released this morning. 30 year mortgage rates today are averaging 3.44 percent, a slight increase from yesterday's average 30 year mortgage rate of 3.43 percent. The S&P/Case-Shiller Home Price Index shows home prices rose for the sixth consecutive month. and nationally home prices increased 3.6 percent for the third quarter of 2012 versus the third quarter of 2011.