Rates on 30-Year Mortgages Rise, Following Four-Week Decline

Print

Email

Reprints

Comment

Twitter

LinkedIn

Facebook

Google+

Mortgage rates edged up slightly over the past week, Freddie Mac said in its weekly market survey.

The government-sponsored enterprise said that the average interest rates on 30-year mortgages increased 4 basis points, to 3.93%. Rates on 15-year fixed loans rose 10 basis points, to 3.2%.

Five-year, Treasury-indexed mortgages climbed 4 basis points, to 2.98%. Rates on one-year adjustable-rate mortgages dipped slightly, falling one basis point, to 2.4%.

“Fixed mortgage rates rebounded this week with the 30-year fixed mortgage rate increasing to 3.93% after declining for four weeks in a row,” said Frank Nothaft, Freddie Mac’s chief economist, in a press release Thursday.

“The rate rise comes on the heels of an uplifting jobs report showing nonfarm payrolls adding 321,000 new jobs in November 91,000 more jobs than expected.”

Article source: http://www.nationalmortgagenews.com/news/origination/rates-on-30-year-mortgages-rise-following-four-week-decline-1043331-1.html

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds