March 13th, 2018
- The rise in rates for home loans continued at a slower pace in the past week.
- For the week ending March 8, Freddie Mac announced that 30-year fixed rates increased to 4.46% from 4.43% the week before.
- The average for 15-year loans rose to 3.94% and the average for five-year adjustables rose one tick to 3.63%. A year ago, 30-year fixed rates averaged 4.21%, higher than today's level.
- Attributed to Len Kiefer, Deputy Chief Economist, Freddie Mac -- "The 10-year Treasury yield has been bouncing around in a narrow 15 basis point range for the last month. While the yield on the 10-year Treasury is currently below the high of 2.95 percent reached two weeks ago, rates on home loans are up for the ninth consecutive week. The U.S. weekly average 30-year fixed rate rose 3 basis points to 4.46 percent in this week's survey, its highest level since January 2014."
Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes