In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to
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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