Mortgage rates are their highest since April 2012 according to Freddie Mac’s Weekly Survey. The 30 year fixed-rate is up to 3.98% (up 7 basis points on the week) with 0.7% points cost. The 15 year fixed-rate is up to 3.10%, which maintains its spread above the 5 year ARM (Adjustable Rate Mortgage.) Rates continue to be volatile from day to day as the bond market finds its “new normal.”
Note: Chart above is dynamic and reflects current survey, updated weekly.
For TODAYS’s refinance rates, see below or more lenders at http://moneycafe.com/personal-finance/home-refinance-loans/.