Mortgage Rates Claw Back Up

Mortgage rates clawed back up after weeks on a downswing, with the 30-year, fixed rate now averaging 3.91 percent, up from 3.89 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate moved to 3.18 percent, also up, from 3.16 percent, while the average 5-year, Treasury-indexed hybrid adjustable posted 3.15 percent, up from 3.11 percent.
The across-the-board rise in rates, however, could be short-lived, says Sean