The 30-year fixed-rate mortgage averaged 3.98% this week, up from last week’s average of 3.92%. Last year at this time, the 30-year FRM averaged 4.10%.
The 15-year FRM averaged 3.13% this week, up from last week’s 3.08%. Last year at this time, the 15-year FRM averaged 3.20%.
The 5-year Treasury-indexed adjustable-rate mortgage rose to 2.94% from last week’s average of 2.91%. Last year, the 5-year ARM averaged 2.96%.
The 1-year ARM rose from last week’s 2.41% to an average of 2.43% this year. Last year at this time, the 1-year ARM averaged 2.51%.
Mortgage rates rebounded from the lowest rates of the year this week, moving higher across the board, according to new data from Freddie Mac.