Mortgage rates moved up for the third week in a row, according to the latest data from Freddie Mac…(Freddie Mac)
- THE 30-YR FIXED rate jumped up 5 basis points to average 3.14% which is 33 basis points higher from the same time one year ago.
- THE 15-YR FIXED rate jumped 4 basis points to average 2.37% which is 5 basis points higher than the same time one year ago.
Sam Khater, Freddie Mac’s Chief Economist, said rates are moving up as consumer confidence rises…
- “The yield on the 10-year Treasury note has been trending up due to the decline in new COVID cases, increasing consumer optimism, as well as broadening inflation and persistent shortages”