Mortgage interest rates move higher for second consecutive week

PORTLAND, OR, Oct. 12, 2017 (RISI) -Freddie Mac released the results of its Primary Mortgage Market Survey, showing the average 30-year fixed mortgage rate posting its biggest week-over-week increase since July 2017.

The 30-year fixed-rate mortgage (FRM) averaged 3.91% with an average 0.5 point for the week ending October 12, 2017, up from last week when it averaged 3.85%. A year ago at this time, the 30-year FRM averaged 3.47%.

The 15-year FRM this week averaged 3.21% with an average 0.5 point, up from last week when it averaged 3.15%. A year ago at this time, the 15-year FRM averaged 2.76%.

The 5-year ...

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