The five-week streak of falling mortgage rates took a break this week, with the 30-year fixed-rate mortgage moving up slightly to average 4.28 percent, Freddie Mac reports.
Freddie Mac reports the following national averages for mortgage rates for the week ending Feb. 13:
- 30-year fixed-rate mortgages: averaged 4.28 percent, with an average 0.7 point, up from last week’s 4.23 percent average. Last year at this time, 30-year rates averaged 3.53 percent.
- 15-year fixed-rate mortgages: averaged 3.33 percent, with an average 0.7 point, holding the same average as last week. A year ago, 15-year rates averaged 2.77 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 3.05 percent, with an average 0.5 point, dropping from last week’s 3.08 percent average. Last year at this time, 5-year ARMs averaged 2.64 percent.
- 1-year ARMs: averaged 2.55 percent, with an average 0.4 point, rising from last week’s 2.51 percent average. A year ago, 1-year ARMs averaged 2.61 percent.
Source: Freddie Mac
Read More:
http://realtormag.realtor.org/daily-news/2014/02/14/after-5-weeks-drops-mortgage-rates-inch-up
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