St Casimirs Mortgage Minute

Mortgage Rates Rise

The rate for a 30-year fixed-rate mortgage averaged 4.08 percent last week, up from the previous week’s 4.02 percent, Freddie Mac said Thursday. At this time last year, the 30-year FRM rate averaged 4.12 percent. Last week’s 15-year FRM rate averaged 3.24 percent, up from the previous week’s 3.21 percent rate. A year ago, the 15-year FRM rate averaged 3.22 percent.

--ABA Daily Newbytes