According to Freddie Mac’s Primary Mortgage Market Survey , fixed-rate mortgage rates increase for eighth (8) straight week. As of March 1st, 30-year fixed mortgage rate reached 4.43 percent in this weeks survey. This went up from 4.3 percent last week. In the beginning of January mortgage rate was 3.95 percent. And since then, fixed-rate increased every week.
Exactly 1 year ago mortgage rate was 4.1 percent. The lowest rate last year was during two weeks in September 7th to 14th, when it was 3.78 percent. The highest mortgage rate during the previous year was for the week of March 16th, when rate reached 4.3 percent. But this weeks mortgage rate went even above that to 4.43 percent.
If you would like to know simple explanation about Freddie Mac that I wrote about, you can read about it here.