Friday Rate Update

Mortgage Rates Remain at 2015 High

The rate for a 30-year fixed-rate mortgage averaged 3.87 percent this week, unchanged from the previous week, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.14 percent. This week’s 15-year FRM rate averaged 3.08 percent, down from last week’s 3.11 percent rate. A year ago, the 15-year FRM rate averaged 3.23 percent.


---ABA Daily Newbytes