Mortgage Rates Highest In 13 Years

Mortgage rates pushed higher this week in Freddie Mac’s Weekly Survey to levels last seen 13 years ago. The 30 Year Fixed Rate Mortgage was at 5.27% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 4.52%. Yesterday, the Federal Reserve raised the Fed Funds Rate target by 0.50% and said it will begin to liquidate mortgage and treasury securities in June. All indications also point to at least another half-point fed funds rate increase next month.

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)


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