Fixed-rate mortgages are climbing following a post-selection sell-off in the Treasury Market.
Freddie Mac reports the following national averages for the week ending Nov. 17:
- 30-year fixed-rate mortgages: averaged 3.94 percent, with an average 0.5 point, rising from last week’s 3.57 percent average. Last year at this time, 30-year rates averaged 3.97 percent.
- 15-year fixed-rate mortgages: averaged 3.14 percent, with an average 0.5 point, increasing from last week’s 2.88 percent average. A year ago, 15-year rates averaged 3.18 percent.
Source: Freddie Mac