Freddie Mac: Mortgage Rates Rose Again

Posted by Patrick Barnard on May 18, 2015 No Comments
Categories : Residential Mortgage

Mortgage rates rose during the week ended May 14 for the third consecutive week, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage (FRM) was 3.85%, up from 3.80% the previous week. A year ago at this time, the 30-year FRM averaged 4.20%.

The average rate for a 15-year FRM was 3.07%, up from 3.02% the previous week. A year ago at this time, the 15-year FRM averaged 3.29%.

The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 2.89%, down from 2.90% the week prior. A year ago, the five-year ARM averaged 3.01%.

The average rate for a one-year Treasury-indexed ARM was 2.48%, up from the previous week's 2.46%. At this time last year, the one-year ARM averaged 2.43%.

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