Friday Rate Update

TES
Mortgage Rates Tick Up 

The rate for a 30-year fixed-rate mortgage averaged 3.45 percent this week, up from the previous week’s 3.43 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 3.94 percent.

This week’s 15-year FRM averaged 2.76 percent, up from 2.74 percent last week. A year ago, the 15-year FRM averaged 3.17 percent.

--ABA Daily Newsbytes