Mortgage Rates Rise as 30-Year Surpasses 4%

Print

Email

Reprints

Comment

Twitter

LinkedIn

Facebook

Google+

SourceMedia’s Partner Insights program enables marketers to deliver relevant content and insights directly to the National Mortgage News audience via SourceMedia’s digital media platforms. Partner Insights content is produced by the marketer. To find out more, contact Tim Murphy at timothy.murphy@sourcemedia.com or 212-803-8760.

Mortgage rates increased for the second consecutive week, according to data released Thursday by Freddie Mac.

The government-sponsored enterprise said in a press release that rates on 30-year fixed mortgages increased 4 basis points, to 4.02%. Interest rates on 15-year mortgages were up 8 basis points, to 3.21%.

Adjustable-rate mortgages also increased. Five-year, Treasury-indexed loans rose 3 basis points, to 2.97%, while one-year ARMs climbed 2 basis points, to 2.45%.

“Mortgage rates continued to rise this week with the 30-year fixed-rate mortgage eclipsing the 4% mark,” said Frank Nothaft, the Freddie Mac’s chief economist, in the release.

Article source: http://www.nationalmortgagenews.com/news/origination/mortgage-rates-rise-as-30-year-surpasses-4-1043072-1.html

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds