Mortgage rates continued rising in the last week, breaching 4 percent for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac’s
Mortgage Rates This Week
Mortgage rates continued rising in the last week, breaching 4 percent for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey.
Freddie Mac’s report, which was released Thursday morning, shows that the 30-year fixed-rate mortgage rose to an average of 4.04 percent for the week ending Jan. 18, 2018.
Last week, the 30-year mortgage checked in at 3.99 percent.
This week’s average of 4.04 percent was the first time that benchmark interest rate broke 4 percent since July 2017. Interest rates are also the highest they’ve been since May 2017. A year ago at this time, interest rates averaged 4.09 percent.
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