Skip to main content

Mortgage Rates Continue to Climb

Phil Hall
Apr 18, 2019
Photo credit: Getty Images/designer491

Fixed mortgage rates were up for the third consecutive week, according to new data from Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.17 percent for the week ending April 18, up from last week when it averaged 4.12 percent. The 15-year FRM this week averaged 3.62 percent, up from last week when it averaged 3.60 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.78 percent, down from last week when it averaged 3.80 percent.
 
“After dropping dramatically in late March, mortgage rates have modestly increased since then,” said Sam Khater, Freddie Mac’s Chief Economist. “While this week marks the third consecutive week of rises, purchase activity reached a nine-year high–indicative of a strong spring homebuying season.”
Fixed mortgage rates were up for the third consecutive week, according to new data from Freddie Mac

 
Published
Apr 18, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021