Mortgage Rates Take an Uptick

May 11, 2017

Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), which covered the week ending May 11.

The 30-year fixed-rate mortgage (FRM) averaged 4.05 percent, up from last week when it averaged 4.02 percent. The 15-year FRM this week averaged 3.29 percent, up from last week when it averaged 3.27 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week, up from last week when it averaged 3.13 percent.

In another mortgage data report, Bankrate.com found 30-year FRM at 4.22 percent, while the jumbo 30-year FRM came in at 4.16 percent, the average 15-year FRM was 3.44 percent, the five-year ARM reverting was 3.48 percent and the 10-year ARM was at 3.86 percent, the highest level since late March.

Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), which covered the week ending May 11

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Phil Hall

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May 11, 2017

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