Mortgage Rates Push Back Above 4%. Robert De La Rosa An Expert In Your Court 909.271.5640 CALL NOW!!!!

Mortgage Rates Push Back Above 4%

DAILY REAL ESTATE NEWS | FRIDAY, NOVEMBER 07, 2014

For the second consecutive week, average fixed-rate mortgages inched higher, taking the 30-year fixed-rate mortgage back above 4 percent for the first time in three weeks, Freddie Mac reports in its weekly mortgage market survey. 

Freddie Mac reports the national averages for mortgage rates for the week ending Nov. 6: 

• 30-year fixed-rate mortgages: averaged 4.02 percent, with an average 0.5 point, rising from last week’s 3.98 percent average. Last year at this time, 30-year rates averaged 4.16 percent. 
• 15-year fixed-rate mortgages: averaged 3.21 percent, with an average 0.5 point, rising from last week’s 3.13 percent average. A year ago, 15-year rates averaged 3.27 percent. 
• 5-year hybrid adjustable-rate mortgages: averaged 2.97 percent, with an average 0.5 point, increasing from last week’s 2.94 percent average. Last year at this time, 5-year ARMs averaged 2.96 percent. 
• 1-year ARMs: averaged 2.45 percent, with an average 0.4 point, rising from last week’s 2.43 percent average. A year ago, 1-year ARMs averaged 2.61 percent. 

Source: Freddie Mac

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