Mortgage interest rates rise in latest week
PORTLAND, OR, Oct. 26, 2017 (RISI) -Freddie Mac released the results of its Primary Mortgage Market Survey, showing average mortgage rates hitting their highest marks since July.
The 30-year fixed-rate mortgage (FRM) averaged 3.94% with an average 0.5 point for the week ending October 26, 2017, up from last week when it averaged 3.88%. A year ago at this time, the 30-year FRM averaged 3.47%.
The 15-year FRM this week averaged 3.25% with an average 0.5 point, up from last week when it averaged 3.19%. A year ago at this time, the 15-year FRM averaged 2.78%.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) ...