Mortgage rates increase for the first time in two months

Mortgage rates increased for the first time after two months of straight declines, according to the latest Primary Mortgage Market Survey from Freddie Mac.

The 30-year fixed-rate mortgage increased to an average 3.83% for the week ending September 21, 2017. This is up from last week’s 3.78% and from 3.48% last year.

The 15-year FRM also increased, rising from 3.08% last week and 2.76% last year to hit 3.13% this week.

The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to 3.17%, up from 3.13% last week and 2.8% last year.

Source- Housing Wire