Mortgage Rates Inch Upward

Print

Email

Reprints

Comment

Twitter

LinkedIn

Facebook

Google+

Mortgage rates increased slightly during the week ending Sept. 11, according to data released Thursday by Freddie Mac.

Average rates for 30-year fixed rate mortgages were 4.12%, or two basis points higher than the previous week and 45 basis points lower than the same time last year.

Meanwhile, rates for 15-year fixed-rate mortgages climbed two basis points, to 3.26%. Five-year adjustable-rate loans had an average interest rate of 2.99%, or 2 basis points higher than last week.

“Mortgage rates were up slightly this week, following the increase in 10-year Treasury yields, despite last week’s disappointing employment report,” said Frank Nothaft, chief economist at Freddie Mac, in a press release Thursday.

Article source: http://www.nationalmortgagenews.com/news/origination/mortgage-rates-inch-upward-1042602-1.html

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds