Mortgage Rates at Highest in More Than a Year

The average 30-year, fixed mortgage rate is at its highest in more than a year: 4.32 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Last week, it averaged 4.22 percent.
“The U.S. weekly average 30-year fixed mortgage rate rocketed up 10 basis points to 4.32 percent this week,” says Len Kiefer, deputy chief economist at Freddie Mac. “Following a turbulent Monday, financial markets settled down, with the 10-year Treasu