Mortgage Rates Climb Higher in the Week Ending October 13th
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Mortgage Rates Resume Their Climb
Mortgage Rates Resume Their Climb
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending October 13th. The PMMS reports that the 30-year fixed-rate mortgage (FRM) averaged 6.92% with an average 0.8 point, up from last week when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 3.05%.
The 15-year FRM averaged 6.09% with an average 110 point, up from last week when it averaged 5.90. A year ago at this time, the 15-year FRM averaged 2.30%.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 5.81% with an average 0.2 point, up from last week when it averaged 5.36. A year ago at this time, the 5-year ARM averaged 2.55%.
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