Fixed Mortgage Rate Hits Six-Week High
October 5, 2017
The average 30-year fixed mortgage rate hit its highest mark in six weeks, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).
The 30-year fixed-rate mortgage (FRM) averaged 3.85 percent for the week ending Oct. 5, up from last week when it averaged 3.83 percent. The 15-year FRM this week averaged 3.15 percent, up from last week when it averaged 3.13 percent.
However, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.18 percent this week, down from last week when it averaged 3.20 percent.
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