Mortgage Rates Rise From Historic Lows

Register now

WASHINGTON – Long-term mortgage rates rose slightly this week from last week’s record lows, but ARM rates remained in record territory, according to Freddie Mac.

The average rate for 30-year fixed home loans rose this week to 4.22%, from 4.15% last week; while the average for the 15-year, fixed-rate mortgage moved to 3.44%, from 3.36% last week.

Meantime, the average for a five-year ARM dipped slightly from last week’s record low of 3.08% to 3.07%. The average for a one-year ARM inched upwards to 2.93%, from 2.86% last week.

“Fixed mortgage rates followed Treasury bond yields higher this week while data reports suggest an improvement in the housing market,” said Freddie Mac chief economist Frank Nothaft.


For reprint and licensing requests for this article, click here.