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Friday, October 14, 2016

Friday Rate Update

Mortgage Rates Edge Up 

The rate for a 30-year fixed-rate mortgage averaged 3.47 percent this week, up from last week’s 3.42 rate, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 3.82 percent.

This week's 15-year FRM averaged 2.76 percent, up from 2.72 a week prior. A year ago, the 15-year FRM averaged 3.03 percent


---ABA Daily Newsbytes

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