Home mortgage rates edge up to 6.25%

USATODAY.com - Home mortgage rates edge up to 6.25%: " Interest rates on 30-year fixed-rate mortgages hit their highest levels since early December last week, and applications fell for a second week.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Feb. 3 slid 1.2% to 619.3 from the previous week's 626.8, following a decline in home sales.
Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.25%, up 0.05 percentage point from the previous week's 6.20%, marking a second consecutive weekly increase. Rates were at their highest levels since the week ended Dec. 9, when they reached 6.28%."
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