Mortgage rates tick up, but applications still hit a 9-year high

Rates for home loans rose as economic indicators strengthened, mortgage guarantor Freddie Mac reported Thursday. The 30-year, fixed-rate mortgage averaged 4.17% in the April 18 week, up from 4.12%. That was the third straight weekly increase for the popular product, a feat it hadn’t achieved since September. The 15-year fixed-rate mortgage averaged 3.62%, up to […]

Mortgage rates move upward for Friday

Several benchmark mortgage rates climbed today. The average rates on 30-year fixed and 15-year fixed mortgages both increased. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also trended upward. Rates for mortgages change daily, but they remain low by historical standards. If you’re in the market for a mortgage, it may make sense to lock […]