Mortgage rates jump again to highest since March

Published 01/25/2018, 10:24 AM
© Reuters.  Mortgage rates jump again to highest since March
XHB
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ITB
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  • U.S. averaged fixed mortgage rates surged to their highest levels in 10 months, according to the latest survey from Freddie Mac.
  • The 30-year fixed-rate mortgage averaged 4.15% for the week ending Jan. 25, spiking from 4.04% in its biggest one-week move since April, and the 15-year rate averaged 3.62%, surging from last week's 3.49%; last year at this time, the 30-year and 15-year fixed rates averaged a respective 4.19% and 3.40%.
  • Mortgage rates track with the benchmark 10-year Treasury yield, which recently touched its highest since July 2014.
  • ETFs: XHB, ITB
  • Now read: Housing Resales And The Reluctance To Sell


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