Tag Archives: Mortgage rates extend upward journey

Fixed-rate mortgages rose for the fourth week in a row along with other long-term yields after hitting a historic low amid continued positive housing data. The Freddie Mac survey showed the 30-year FRM averaged 3.66% for the week ending Thursday, up from last week’s rise to 3.62%. Last year at this time, the 30-year FRM averaged 4.22%. The 15-year FRM, a popular refinancing choice, averaged 2.89%, ticking up from last week’s 2.88%. A year ago, the average rate for a 15-year FRM was 3.44%. Five-year, Treasury-indexed, hybrid adjustable-rate mortgages averaged […]