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Mortgage rates mounted this week, with the 30-year, fixed rate averaging 3.85 percent, up from 3.83 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.15 percent, up from 3.13 percent the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.18 percent, down from 3.20 percent the week prior.

“After holding steady last week, rates ticked up this week,” says Sean Becketti, chief economist at Freddie Mac. “The 10-year Treasury yield rose eight basis points, while the 30-year mortgage rate increased two basis points to 3.85 percent.”

Source: Freddie Mac

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