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Mortgage Rates Show Slight Increase

Mortgage Rates Show Slight Increase

| Nov 06, 2014 | Housing Market

According to Freddie Mac’s most recent Primary Mortgage Market survey, Mortgage rates increased for the second week in a row. The survey reports that the 30-year Fixed-rate Mortgage jumped over 4%, coming in at 4.02% averaged nationally while the 15-year Fixed-rate Mortgage also increased 0.8%, and averaged 3.21% nationally. Additionally, the national averages for the 5-year Treasury-indexed hybrid adjustable-rate Mortgage increased to 2.97% and the 1-year Treasury-indexed ARM averaged 2.45%. More here

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