Friday Rate Update

Mortgage Rates Continue to Tick Up 

​The rate for a 30-year fixed-rate mortgage averaged 3.97 percent this week, up from last week’s 3.95 percent rate, Freddie Mac said yesterday​. At this time last year, the 30-year FRM rate averaged 3.8 percent. This week’s 15-year FRM rate averaged 3.22 percent, up from last week’s rate of 3.19 percent. A year ago, the 15-year FRM rate averaged 3.09 percent.

--ABA Daily Newsbytes