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Mortgage Rates Are Up Again

Phil Hall
Jan 18, 2018
Because non-QM loans have performed so well since they were first offered four years ago, Angel Oak and other alternative lenders are expanding the number and types of products

Average fixed mortgage rates rising for the second consecutive week, according to new data from Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.04 percent for the week ending Jan. 18, up from last week when it averaged 3.99 percent. The 15-year FRM this week averaged 3.49 percent, up from last week when it averaged 3.44 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.46 percent this week, unchanged from last week.
 
“The U.S. weekly average for the 30-year fixed mortgage rate rose above four percent for the first time since last summer to 4.04 percent in this week's survey,” said Len Kiefer, Freddie Mac’s Deputy Chief Economist. “This is the highest weekly average for the 30-year fixed rate mortgage since May of 2017.”
Average fixed mortgage rates rising for the second consecutive week, according to new data from Freddie Mac

 
 
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