“The robust economy, rising Treasury yields, and the anticipation of more short-term rate hikes caused mortgage rates to move up,” says Freddie Mac Chief Economist Sam Khater.
The 30-year fixed rate mortgage rose seven basis points to an average of 4.72% for the week ending Sept. 27, 2018, up from 4.65% in the prior week.
15-year FRM averaged 4.16%, up from 4.11% W/W.
5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.97% vs. 3.92% W/W.
Now read: The Outlook For The mREITs »
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