WASHINGTON—Perhaps reflecting anticipation that the Fed would raise rates, Freddie Mac’s Mortgage Market Survey shows rates on fixed mortgages were up for the second week in a row.
The rate on the 30-year fixed-rate mortgage averaged 3.97% with an average 0.6 point for the week ending Dec. 17, up from one week earlier when it averaged 3.95%. On the same date in 2014, the 30-year FRM averaged 3.80%.
Freddie Mac reported the 15-year fixed-rate mortgage averaged 3.22% with an average 0.5 point, up slightly over one week earlier when it averaged 3.19%.
Meanwhile, the five-year Treasury-indexed hybrid ARM averaged 3.03% on Dec. 17, Freddie Mac said, with an average 0.4 point, which was unchanged from one week earlier.
The one-year Treasury-indexed ARM averaged 2.67% as of Dec. 17, with an average 0.2 point, up from 2.64% one week earlier.