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November 26, 2014

Mortgage Rates Climb Slightly From Recent Lows

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Mortgage Rates Climb Slightly From Recent Lows

Fixed-rate mortgages moved up slightly after five consecutive weeks of falling to new lows for the year, Freddie Mac reports in its weekly mortgage market survey. 

Freddie Mac reports the following national averages with mortgage rates for the week ending June 5: 

  • 30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.5 point, rising from last week’s 4.12 percent average. Last year at this time, 30-year rates averaged 3.91 percent. 
  • 15-year fixed-rate mortgages: averaged 3.23 percent, with an average 0.5 point, increasing from last week’s 3.21 percent average. A year ago, 15-year rates averaged 3.03 percent. 
  • 5-year hybrid adjustable-rate mortgages: averaged 2.93 percent, with an average 0.4 point, dropping from last week’s 2.96 percent average. Last year at this time, 5-year ARMs averaged 2.74 percent.
  • 1-year ARMs: averaged 2.40 percent, with an average 0.4 point, dropping from last week’s 2.41 percent average. A year ago, 1-year ARMs averaged 2.58 percent. 

Source: Freddie Mac

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