Mortgage rates rose to their highest levels since June on the back of inflation-fears, according Realtor.com. Freddie Mac reported average mortgage rates for the week of November 3rd as follows:
- 30-year Fixed: 3.54% (up from 3.47%)
- 15-year Fixed: 2.84%; (up from 2.78%); and
- 5-year Hybrid Adjustable-Rate: 2.87% (up from 2.84%)
Many observers expect the Fed to raise rates in December.