Mortgage rates are back on the move. The 30-year fixed-rate mortgage rose to its highest level since January 2014 this week, also seeing its largest weekly increase since February of this year, Freddie Mac reports.
Freddie Mac reports the following national averages in mortgage rates for the week ending April 19:
- 30-year fixed-rate mortgages: averaged 4.47 percent, rising from last week’s 4.42 percent average. Last year at this time, 30-year rates averaged 3.97 percent.
- 15-year fixed-rate mortgages: averaged 3.94 percent, rising from last week’s 3.87 percent average. A year ago, 15-year rates averaged 3.23 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 3.67 percent, increasing from last week’s 3.61 percent average. A year ago, 5-year ARMs averaged 3.10 percent.