Mortgage Rates Keep Rising – NMP Skip to main content

Mortgage Rates Keep Rising

Dec 29, 2016

Average fixed mortgage rates were on the rise for the ninth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).

The 30-year fixed-rate mortgage (FRM) averaged 4.32 percent for the week ending Dec. 29, up from last week when it averaged 4.30 percent. The 15-year FRM this week averaged 3.55 percent, up from last week when it averaged 3.52 percent. However, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.30 percent this week, down from last week when it averaged 3.32 percent. A year ago, the five-year ARM averaged 3.08 percent.

Sean Becketti, chief economist at Freddie Mac, greeted the news with a tinge of pessimism.

“On a short week following the Christmas holiday, the 10-year Treasury yield was relatively unchanged,” Becketti said. “As mortgage rates continue to increase, home sales and affordability will continue to be a concern for housing in 2017.”

About the author
Published
Dec 29, 2016
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026