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Mortgage Rates Reach 3 Month High

Mortgage News > Mortgage Rates Reach 3 Month High
Date: 10/29/2019    Mortgage Rates Reach 3 Month High

Long-term mortgage interest rates climbed back up to a three-month high in the latest week, according to Freddie Mac. The average rate on a 30-year fixed rate mortgage jumped to 3.75% with an average 0.5 point during the week ended October 24, 2019, up from 3.69% the week before and the highest rate since the first week of August. Mortgage rates are still considerably lower though than last year when the average was 4.86%.

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