Mortgage Rates Increase to Highest Level in Over Four Years

Townhouse in Fort Lauderdale, FL
Townhouse in Fort Lauderdale, FL

Freddie Mac released it’s weekly Primary Mortgage Market Survey yesterday, April 26th. It shows the U.S. weekly avarage mortgage rates going up again.

Mortgage rates increase for the third straight week to highest level in over four (4) years. The rates are highest now since the week of August 22nd, 2013. Then 30-year fixed-rate mortgage was 4.58%, and 15-year fixed-rate mortgage was 3.60%

US weekly average 30-year fixed -rate mortgage went up to 4.58% this week.

US weekly average 15-year fixed-rate mortage climbed up to 4.02%, from 3.94% last week.

Freddie Mac-Primary Mortgage Market Survey. US Weekly Averages as of 4_26_2018

30-year fixed-rate mortgage went up 11 points from the last week survey. This rate went up by 55 points since the April 27th, 2017, when it was 4.03%.

15-year fixed-rate mortgage went up 8 points in a week, and now is at 4.02%. It increased 75 points since the April 27th,2017 when it was 3.27%

Freddie Mac. Primary Mortgage Market Survey.US weekly averages as of 4_26_2018

It is going to be interesting to see, what mortgage rates are going to be next week.