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Mortgage Rates Show Slight Increase Heading into the End of the Year

Submitted by webadmin on

Mortgage rates moved up slightly heading into the end of the year, according to the latest data released yesterday by Freddie Mac, the Washington Post reported today. The 30-year fixed-rate average nudged up to 4.48 percent, and it was 4.47 percent a week ago and 3.35 percent a year ago. Since spiking to 4.58 percent in late August, the 30-year fixed rate has bounced between 4.57 and 4.1 percent. The 15-year fixed-rate average ticked up to 3.52 percent, and was 3.51 percent a week ago and 2.65 percent a year ago. Before rising above 3.5 percent last week, the 15-year fixed rate had remained below that mark since late September.

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