Friday Rate Update

Mortgage Rates Reach 2015 High 

The rate for a 30-year fixed-rate mortgage
 averaged 3.87 percent this week, up from the previous week’s average of 3.84 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.12 percent. This week’s 15-year FRM rate averaged 3.11 percent, up from last week’s 3.05 percent rate. A year ago, the 15-year FRM rate averaged 3.21 percent

--ABA Daily Newsbytes