Mortgages Rates Increase to Highest in 2018

On By Brigita DeNapoliIn Finance & Mortgage
A Brick Fence Around the House in Hollywood, FL
A brick fence around the house in Hollywood Lakes neighborhood in Hollywood, FL

Freddie Mac released it’s weekly U.S Primary Mortgage Market Survey yesterday, April 19th, 2018.

FreddieMac-Primary Mortgage Market Survey as of April 19th,2018
FreddieMac-Primary Mortgage Market Survey as of April 19th,2018. U.S weekly average mortgage rates as of April 19th, 2018.

According to this weekly mortgages average rates rose to highest in 2018.

The U.S weekly average 30-year fixed mortgage rate rose 5 points to 4.47%. It is the highest level since January 2014. It is largest weekly increase since this past February.

Last year the U.S weekly average mortgage rate for the week of April 20th, 2017, 30-year fixed mortgage rate was 3.97%

Freddie Mac-Primary Mortgage Market Survey. Weekly Rates as of 4_19_2018
Freddie Mac-Primary Mortgage Market Survey. Weekly Rates as of 4_19_2018

The U.S weekly average 15-year fixed mortgage rate rose 7 base points this week to 3.94%. 

Last year the U.S weekly average for the week of April 20th, 2017 for 15-year fixed mortgage rate was 3.23%.

It was really nice to see mortgage rates going down just a few  weeks ago. But now the rates a climbing up again. What will the next week bring?