Weekly Average for Fixed Mortgage Rates Rising Again: Freddie Mac

Secondary

Positive economic data have driven the average rate for a 30-year fixed-rate mortgage up six basis points to 4.16%, according to Freddie Mac.

The average 15-year FRM rate also rose during the week ending Nov. 7, increasing seven basis points from the previous week to 3.27%.

The average rate for a five-year Treasury-indexed hybrid remained unchanged at 2.96% and the average rate for a one-year Treasury-indexed adjustable-rate mortgage fell three basis points to 2.61%.

All rates are higher than a year ago when the 30-year rate was 3.4%, the 15-year rate was 2.69%, the five-year Treasury hybrid rate was 2.73% and the one-year Treasury ARM rate was 2.59%.

Points during the most recent week averaged 0.8 of a point for 30-year loans, 0.7 of a point for 15-year loans, 0.5 of a point for five-year Treasury hybrids and one-year Treasury ARMs.

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