Skip to main content

Mortgage Rates Up Again

Phil Hall
Feb 22, 2018
The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac

The 30-year fixed mortgage rate increased for the seventh consecutive week, according to new data from Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.40 percent for the week ending Feb. 22, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent. The 15-year FRM this week averaged 3.85 percent, up from last week when it averaged 3.84 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent.
 
And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.65 percent this week, up from last week when it averaged 3.63. A year ago at this time, the five-year ARM averaged 3.16 percent.
 
“Fixed mortgage rates increased for the seventh consecutive week, with the 30-year fixed mortgage rate reaching 4.40 percent in this week's survey—the highest since April of 2014,” said Len Kiefer, Deputy Chief Economist at Freddie Mac. “Mortgage rates have followed U.S. Treasuries higher in anticipation of higher rates of inflation and further monetary tightening by the Federal Reserve. Following the close of our survey, the release of the FOMC minutes for Feb. 21 sent the 10-year Treasury above 2.9 percent. If those increases stick, we will likely see mortgage rates continue to trend higher.”
The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac

 
 
Published
Feb 22, 2018
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021