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Mortgage Rates Push Higher

Mortgage News > Mortgage Rates Push Higher
Date: 07/26/2018    Mortgage Rates Push Higher

Long-term mortgage interest rates rose in the latest week, according to data from Freddie Mac. The average rate on a 30-year fixed-rate mortgage increased to 4.54%, during the week ended July 26, up from 4.52% the week before. Rates are up significantly from a year ago, when the 30-year FRM averaged just 4.17%. And yet that jump in rates has not deterred buyers - the Mortgage Bankers Association reports that home purchase applications are up 4.25% over the same period. 

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