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Mortgage Rates Continue to Increase Climbing to the Highest Seen in 2016
Monday, December 12, 2016 6:50 AM

Freddie Mac released the latest data showing mortgage rates have increased for six consecutive weeks. Included in the data:

  • The 30-year fixed-rate mortgage (FRM) averaged 4.13% with an average 0.5 point for the week ending Dec. 8, 2016, up from one week prior when it averaged 4.08%. A year ago at this time, the 30-year FRM averaged 3.95%. 
  • 15-year FRM this week averaged 3.36% with an average 0.5 point, up from a week earlier when it averaged 3.34%. A year ago at this time, the 15-year FRM averaged 3.19%. 
  • The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.17% this week with an average 0.5 point, up from one week earlier when it averaged 3.15%. A year ago, the 5-year ARM averaged 3.03%