Mortgage Rates Hit Four-Year High

According to Freddie Mac, national average mortgage rates rose to 4.38 percent last week on a 30-year fixed-rate mortgage. That rate, while still historically low, is the highest posted since April 2014. 15-year fixed-rate mortgage interest rates averaged 3.84 percent (up slightly from the previous week), and five-year hybrid adjustable-rate mortgages (ARMs) averaged 3.63 percent, also up slightly.

Mortgage rates hit nearly four-year high. Mortgage rates rose for the seventh consecutive week, Freddie Mac reported. Through Wednesday, the 30-year fixed rate rose two basis points to 4.4 percent, the highest level since April 2014. A year ago, the rate averaged 4.16 percent.

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he uptrend in mortgage rates continued for the ninth straight week during the week ended Mar 8. According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year rate rose 3 basis points to 4.46%, marking the highest point since 2014. The result was greater affordability pressure at the start of the traditional spring home.

Mortgage rates hit four-year high, adding to home buyer woes san jose Mercury News (CA) Feb. 21 –Mortgage rates are on the rise — nearly surging to a four-year high — a trend likely to add additional headaches to the already daunting task of buying a home in the Bay Area .

Mortgage Rates Hit New 4-Year Highs Feb 21 2018, 5:35PM Mortgage rates continued higher today following the release of the Minutes from the Federal Reserve’s (aka "The Fed") most recent policy.

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The increase is a new challenge for a housing market that has been central to the recovery but remains sensitive to even modest headwinds.

Freddie Mac’s latest Primary Mortgage Market Survey found average mortgage rates reaching levels that have not been seen in four years. The 30-year fixed-rate mortgage (frm) averaged 4.58 percent for the week ending April 26, up from last week when it averaged 4.47 percent.

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year rate rose 3 basis points to 4.46%, marking the highest point since 2014. The result was greater affordability pressure at the start of the traditional spring home buying season. In the year-ago period, it averaged 4.21%.

Sam Khater, Freddie Mac’s chief economist, says, "The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven year high of 4.94 percent – up 11 basis points from last week."

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