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Mortgage Rates at 12-Week Record

In the past week, the average 30-year fixed mortgage rate rose to 3.75 percent, its highest point in 12 weeks, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®).

“The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield,” Sam Khater, chief economist at Freddie Mac, says. “Mortgage rates are following suit but are at near-historic lows, while mortgage applications to purchase a home remain higher year-over-year.”

30-Year Fixed

  • Averaging 3.75 percent, with an average 0.5 point
  • Up from 3.69 percent the prior week, but down from 4.86 percent the prior year

15-Year Fixed

  • Averaging 3.18 percent, with an average 0.5 point
  • Up from 3.15 percent the prior week, but down from 4.29 percent the prior year

5-Year Adjustable

  • Averaging 3.4 percent, with an average 0.3 point
  • Up from 3.35 percent the prior week, but down from 4.14 percent the prior year

Source: Freddie Mac

2019-10-29T10:24:34-08:00