Mortgage Rates Hedge Up

Mortgage rates are hedging up, with the average 30-year, fixed rate jumping from 3.88 percent last week to 3.96 percent this week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate also leapt, from 3.17 percent last week to 3.22 percent this week, while the average 5-year, Treasury-indexed hybrid adjustable rate moved from 3.17 percent last week to 3.21 percent this week.
“Global interest rates turned up shar