Mortgage rates rose this week in Freddie Mac’s Weekly Survey with 30 year fixed rate loans coming in at 4.51% (up 22 basis points on the week.) The 15 year fixed-rate was at 3.53%. These are the highest rates in two years, but still considered low rates when put in a longer historical perspective. Day to day rates regained their volatility this week as bond markets are more unsure of what the Federal Reserve will do with it’s bond purchases. In fact, mortgage rates are down this morning based upon comments by the Federal Reserve Chairman yesterday afternoon.
Note: Chart above is dynamic and reflects current survey, updated weekly.
For TODAYS’s mortgage rates, see below or more lenders at http://moneycafe.com/personal-finance/mortgage-rates/.