Mortgage Rate Rise for 3rd Straight Week

Mortgage Rates

Long-term U.S. mortgage rates have increased for three consecutive weeks, according to Freddie Mac. The average rate on a 30-year fixed-rate mortgage jumped to 4.17% with 0.5 point during the week ended April 18, 2019, up from 4.12% the week before. Last year, the average rate was much higher at 4.47%. Rates on 5-year Treasury-indexed adjustable rate mortgages (ARMs) fell slightly however, to an average of 3.78% with 0.3 point, down from 3.80% the previous week but up from 3.67% a year ago.