Mortgage Rates Spike

Thumbnail for 1445934

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 …read more