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

Commercial

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.”

Leave a Reply