Rates for 30-Year Loans Rose Slightly Last Week: Freddie

Published April 21, 2016, 11:55 a.m. EDT

Updated April 21, 2016, 11:58 a.m. EDT

1 Min Read

Rates for the 30-year fixed-rate mortgage rose slightly last week, as recent figures showing an active home-sales market suggest homebuyers are taking advantage of current conditions, according to Freddie Mac.

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The average rate for a 30-year fixed mortgage rose 1 basis point to 3.59%, compared to last week, Freddie Mac said in its weekly Primary Mortgage Market Survey.

The average 15-year rate fell 1 basis point to 2.85%. The average rate for five-year, Treasury-indexed hybrid adjustable-rate mortgages fell 3 basis points to 2.81%.

Home prices rose 0.4% in February, compared to January, the Federal Housing Finance Agency reported on Thursday.

Andy Peters

Andy Peters writes about regional banks, consumer finance and debt collections for American Banker. He also co-writes the Morning Scan column. He has... Read full bio

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