Mortgage Rates Rise Swiftly

The average 30-year, fixed mortgage rate is rising swiftly, at 4.38 percent this week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed mortgage rate was 4.32 percent last week.
Concurrently, the average 15-year, fixed mortgage rate is 3.84 percent, up from 3.77 percent last week, while the five-year, Treasury-indexed hybrid adjustable mortgage rate is 3.63 percent, up from 3.57 percent last week.
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