Thursday, May 7, 2015

Mortgage rates increase this week but still low compared to last May

Mortgage rates rose this week to the highest level since the week of March 12. The 30-year, fixed-rate mortgage averaged 3.80% with an average 0.6 point for the week ending May 7, 2015, up from last week when it averaged 3.68%. A year ago at this time, the 30-year fixed rate mortgate averaged 4.21%. 

Source: Housing Wire

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