According to Freddie Mac’s most recent Primary Mortgage Market Survey, the 30-year fixed mortgage rate in the U.S. increased for the seventh-consecutive week in 2018. Rates are now at their highest levels since April 2011.
30-year Fixed: Averaged 4.40%, up from last week when it averaged 4.38%. A year ago at this time, the 30-year FRM averaged 4.16%.
15-year Fixed: Averaged 3.85%, up from last week when it averaged 3.84%. A year ago at this time, the 15-year FRM averaged 3.37%.
5-year Adjustable-Rate Mortgage (ARM): Averaged 3.65%, up from last week when it averaged 3.63%. A year ago at this time, the 5-year ARM averaged 3.16%.