27 November 2013
Mortgage rates bounced back this week with housing data portraying mixed signals, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.
Rates on 30-year fixed-rate mortgage averaged 4.29 percent with an average 0.7 point for the week ending Nov. 27, up from 4.22 percent last week and 3.32 percent a year ago.
For 15-year fixed-rate mortgages, popular with homeowners who are refinancing, rates averaged 3.3 percent with an average 0.7 point, up from 3.27 percent last week and 2.64 percent a year ago.
Rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.94 percent with an average 0.5 point, down from 2.95 percent last week but up from 2.72 percent a year ago.
Rates on one-year Treasury-indexed ARMs averaged 2.6 percent with an average 0.4 point, down from 2.61 percent last week but up from 2.56 percent a year ago.
“Fixed mortgage rates retraced some of their decline of the prior week as housing data portrayed mixed signals,” said Freddie Mac Chief Economist Frank Nothaft in a statement. Source: Freddie Mac