Mortgage Rates Spike

The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week.
The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year, Treasury-indexed hybrid adjustable rate was 3.74 percent—also increases from the prior week.
“Mortgage rates are now at their highest level since the week of Au