Mortgage rates increase to 4-month high hovering just below 4%

Mortgage interest rates increased to their highest point in four months, and now hover just below the psychologically important 4% mark, according to Freddie Mac’s latest Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage increased to 3.95% for the week ending Nov. 16, 2017. This is up from last week’s 3.9% and up slightly from last year’s 3.94%.

The 15-year FRM increased to 3.31%, up from 3.24% last week and up even more from last year’s 3.14%.

However, the five-year Treasury-indexed hybrid adjustable-rate mortgage decreased slightly to 3.21%. This is down from 3.22% last week, but up from 3.07% last year.

Source: Housing Wire

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