Freddie Mac: mortgage interest rates rose again last week

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, home borrowing rates are above last year’s levels. The key 30-year rate averaged 4.22 percent a year ago.

Mortgage rates are fast falling toward 4%, a rate low enough that economists. rate on the 30-year fixed mortgage, weekly Source: Freddie Mac. Lenders advertising mortgages at sub-4% rates this week include. The moves have been spurred by the Federal Reserve's decision to pause its interest rate.

Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dropped to 4.14% from 4.20% last week. By contrast, a year ago the benchmark rate stood at 4.55%. The average rate for 15-year, fixed-rate home loans declined this week to 3.60% from 3.64% last week.

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According to the latest data released Thursday by Freddie Mac, the 30-year. equal to 1 percent of the loan amount and are in addition to the interest rate.. Bond yields fell sharply again, hitting their lowest levels since the 2016 election day.. “mortgage rates increased last week but are still considerably lower than last.

Once again, the Treasury yield rose, signaling that mortgage rates could continue their upward climb. “After holding steady last week, rates ticked up this week,” Freddie Mac Chief Economist Sean.

Average U.S. rates for fixed mortgages rose sharply last week, making home-buying slightly less affordable.Mortgage buyer Freddie Mac says the average rate on the 30-year loan jumped to 4.46 percent. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last. in interest by prospective buyers and homeowners looking to refinance..

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Freddie Mac said the average five-year, adjustable-rate mortgage increased to 3.77% this week from 3.60% a week earlier but is down from 4.37% a year ago. The average rate for a one-year, ARM rose.

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Mortgage rates increased once again, edging closer to the psychologically important 4% mark, according to Freddie Mac. for the week ending October 12, 2017. This is up from last week’s 3.85%. Last.