Mortgage Rates Tick Up

Inman News

23 May 2013

Rates on 30-year fixed-rate mortgages averaged 3.59 percent with an average point of 0.7 percent for the week ending May 23, up from 3.51 percent last week but down from 3.78 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also ticked higher, while rates on one-year Treasury-indexed ARMs remained the same.