Mortgage Rates Average 4.47% This Week

Mortgage rates were on the rise this week, following upbeat news for housing starts and building permits, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages for the week ending Dec. 19:

  • 30-year fixed-rate mortgages: averaged 4.47 percent, with an average 0.7 point, rising from last week’s 4.42 percent average. Last year at this time, 30-year rates averaged 3.37 percent.
  • 15-year fixed-rate mortgages: averaged 3.51 percent, with an average 0.6 point, up from last week’s 3.43 percent average. A year ago at this time, t15-year rates averaged 2.65 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.96 percent, with an average 0.4 point, rising from last week’s 2.94 percent average. Last year at this time, 5-year ARMs averaged 2.71 percent.

Source: Freddie Mac