WASHINGTON–Mortgage rates keep climbing, hitting their highest mark in 2016.
The latest data released by Freddie Mac shows rates have increased for six consecutive weeks. Among the latest data:
- The 30-year fixed-rate mortgage (FRM) averaged 4.13% with an average 0.5 point for the week ending Dec. 8, 2016, up from one week prior when it averaged 4.08%. A year ago at this time, the 30-year FRM averaged 3.95%.
- 15-year FRM this week averaged 3.36% with an average 0.5 point, up from a week earlier when it averaged 3.34%. A year ago at this time, the 15-year FRM averaged 3.19%.
- The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.17% this week with an average 0.5 point, up from one week earlier when it averaged 3.15%. A year ago, the 5-year ARM averaged 3.03%