Mortgage Rates Continue to Rise as Recession Fears Continue to Subside

November 16, 2019 Loans & Mortgages 0

According to the FreddieMac Primary Mortgage Market Survey, U.S. mortgage rates continue to rise as optimism grows over a new trade agreement between the U.S. and China and fears of a recession continue to subside.

  • 30-Year Fixed Mortgage (FRM): Averaged 3.75 percent, up from last week when it averaged 3.69 percent. A year ago at this time, the 30-year FRM averaged 4.94 percent.
  • 15-Year Fixed Mortgage: Averaged 3.2 percent, up from last week when it averaged 3.13 percent. A year ago at this time, the 15-year FRM averaged 4.36 percent.
  • 5-Year Adjustable-Rate Mortgage (ARM): Averaged 3.44 percent, up from last week when it averaged 3.39 percent. A year ago at this time, the 5-year ARM averaged 4.14 percent.