Mortgage rates are up this week after their recent dip. The 30 Year Fixed Rate Mortgage was at 3.10% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 2.39%. While still low by historical, rates continue to rise because of inflation, upward pressure on bond rates and other interest rates, and the anticipated reduction in purchases of mortgage bonds by the Federal Reserve.
Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.
(dynamic chart with current info)