Rates were up across the board in the past week, with 30-year fixed rates approaching the 4.0% mark. For the week ending October 26, Freddie Mac announced that 30-year fixed rates rose to 3.94% from 3.88% the week before. The average for 15-year loans rose as well, to 3.25%. The average for five-year adjustables increased to 3.21%. A year ago, 30-year fixed rates averaged 3.47%. Attributed to Sean Becketti, chief economist, Freddie Mac — “The 10-year Treasury yield surged this week, jumping 12 basis points. The 30-year fixed rate followed suit, increasing 6 basis points to 3.94 percent. Today’s survey rate is the highest rate in three months.”
Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.