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U.S. mortgage rates rise

Mar. 07, 2019 10:27 AM ETBy: Liz Kiesche, SA News Editor2 Comments
  • Mortgage rates' downward path ends, but they're still below the year-ago levels for the fourth straight week.
  • The 30-year fixed-rate mortgage averaged 4.41% for the week ending March 7, up from 4.35% in the previous week, according to Freddie Mac's Primary Mortgage Survey.
  • Compares with 4.46% a year ago.
  • "The impact of recent lower rates and a strong labor market has led to a rise in purchase mortgage demand as we start the spring homebuying season," says Freddie Chief Economist Sam Khater.
  • 15-year FRM averaged 3.83% vs. 3.77% in prior week and 3.94% a year ago.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.87% vs. 3.84% in prior week and 3.63% a year ago.
  • Previously: Mortgage rates hold steady--a good sign for spring? (Feb. 28)
  • ETFs: MORL, REM, MORT, DMO, TSI, PGZ, JLS, CMBS, FMY, JMT, LMBS, MBSD

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