Pendulum Swings Back for Mortgage Rates

The pendulum swung back for mortgage rates this week, with rates for 30-year and 15-year fixed mortgages averaging higher for the first time this year, according to the Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage averages 4.19 percent with an average 0.4 point, while the 15-year fixed-rate mortgage averages 3.40 percent with an average 0.4 point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averages 3.20 percent, also with a