The 30 year fixed-rate mortgage (FRM) increased to 4.13% for the week ending December 8th. This is up from last week’s 4.08% and 18 basis points higher than this time last year.
The 15-year FRM increased to 3.36%, slightly up from last week’s 3.34% and 3.19% last year. Freddie Mac Chief Economist Sean Becketti stated that the markets are 94% certain of a quarter-point-rate hike.
|Interest Rate Chart since Dec. 2015|