Membership
Courtside seats could be yours...

Topics

Freddie Mac
Mortgage rates climb for third straight week
Mortgage rates climb for third straight week

Mortgage rates climbed higher this week as lenders on average offered a 30-year fixed loan at 3.80%, up from 3.76% last week, according to Freddie Mac’s weekly survey. Rates have now increased for three straight weeks after hitting a bottom for the year in early February. The average rate on a 15-year fixed mortgage rose from 3.05% to 3.07% this week, the mortgage finance giant said Thursday. Borrowing is still cheaper than this time last year, when the average rate on a 30-year fixed was 4.37%. That drop-off has spurred another wave of refinancing as borrowers rush to lock in a low-cost loan. Freddie Mac's survey asks lenders each week about the terms they offer...

Loading