Mortgage rates were increasing in the week before the Fed announced its latest interest rate increase
Mortgage rates were increasing in the week before the Fed announced its latest interest rate increase.
Data from Freddie Mac reveals that the average 30-year fixed-rate mortgage was 3.91% with an average 0.5 point for the week ending June 15, up from 3.89% a week earlier.
The average 15-year FRM was 3.18% with an average 0.5 point, up from 3.16% a week earlier; and the average 5-year ARM was 3.15% with an average 0.5 point, up from 3.11% a week earlier.
"The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent. However, our survey was conducted before investors drove Treasury yields sharply lower in a reaction to the surprisingly weak CPI release. If that drop in yields sticks, mortgage rates are likely to follow in next week's survey."
Meanwhile, the weekly survey from Bankrate.com shows that mortgage rates were lower and were their lowest since November 2016.
It shows the average 30-year fixed mortgage with a rate of 4.02% this week, little changed from a week earlier and the lowest since November 16, 2016, with an average of 0.24 discount and origination points.
For a 15-year fixed, Bankrate has an average of 3.25%, up from 3.24% last week (avg. points: 0.21) while the average 5/1 ARM was 3.41%, up from 3.40% last week (avg. points: 0.30).
Data from Freddie Mac reveals that the average 30-year fixed-rate mortgage was 3.91% with an average 0.5 point for the week ending June 15, up from 3.89% a week earlier.
The average 15-year FRM was 3.18% with an average 0.5 point, up from 3.16% a week earlier; and the average 5-year ARM was 3.15% with an average 0.5 point, up from 3.11% a week earlier.
"The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent. However, our survey was conducted before investors drove Treasury yields sharply lower in a reaction to the surprisingly weak CPI release. If that drop in yields sticks, mortgage rates are likely to follow in next week's survey."
Meanwhile, the weekly survey from Bankrate.com shows that mortgage rates were lower and were their lowest since November 2016.
It shows the average 30-year fixed mortgage with a rate of 4.02% this week, little changed from a week earlier and the lowest since November 16, 2016, with an average of 0.24 discount and origination points.
For a 15-year fixed, Bankrate has an average of 3.25%, up from 3.24% last week (avg. points: 0.21) while the average 5/1 ARM was 3.41%, up from 3.40% last week (avg. points: 0.30).
