Mortgage Rates at 12-Week Record
In the past week, the average 30-year fixed mortgage rate rose to 3.75 percent, its highest point in 12 weeks, according to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®).
"The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield," Sam Khater, chief economist at Freddie Mac, says. "Mortgage rates are following suit but are at near-historic lows, while mortgage applications to purchase a home remain higher year-over-year."
Averaging 3.75 percent, with an average 0.5 point
Up from 3.69 percent the prior week, but down from 4.86 percent the prior year
Averaging 3.18 percent, with an average 0.5 point
Up from 3.15 percent the prior week, but down from 4.29 percent the prior year
Averaging 3.4 percent, with an average 0.3 point
Up from 3.35 percent the prior week, but down from 4.14 percent the prior year
Source: Freddie Mac