Friday, May 8, 2015
Mortgages rates jump, Freddie Mac survey says
Mortgage rates climbed higher in the past week, with the average rate for the benchmark 30-year fixed-rate mortgage rising to 3.80% from 3.68% in the prior week, according to the latest Freddie Mac survey.
The 15-year fixed rate averaged 3.02%, up from 2.94% a week ago.
The rates rose to their highest levels since March, as a selloff in German bunds helped drive U.S. Treasury yields above 2.2%.
A year ago, the respective 30-year and 15-year rates averaged 4.21% and 3.32%.
source: http://seekingalpha.com/news/2501436-mortgages-rates-jump-freddie-mac-survey-says
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