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Mortgage rates have been rising at a pace not seen in almost 50 years
Source:
lmtonline.com
- May 25, 2018
Mortgage rates continued their upward march this week, extending the most prolonged increase in rates in 46 years.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.66 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.61 percent a week ago and 3.95 percent a year ago.
The 15-year fixed-rate average jumped to 4.15 percent with an average 0.4 point. It was 4.08 percent a week ago and 3.19 percent a year ago. The five-year adjustable rate average rose to 3.87 percent with an average 0.3 point. It was 3.82 percent a week ago and 3.07 percent a year ago.
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Category: General Business
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