U.S. Fixed Mortgage Rates Higher in Latest Week
March 16 2017 - 10:30AM
Dow Jones News
By Imani Moise
Average fixed mortgage rates in the U.S. rose in the latest
week, according to mortgage-finance company Freddie Mac.
Freddie Mac Chief Economist Sean Becketti said in prepared
remarks Thursday increasing inflation, continued gains in the labor
market and potential future rate hikes by the Federal Reserve will
keep pushing mortgage rates up this year.
For the week ended Thursday, the 30-year fixed-rate mortgage
averaged 4.3%, compared with 4.21% a week earlier and 3.73% a year
earlier. Rates on 15-year fixed-rate mortgages averaged 3.5%,
compared with 3.42% the previous week and 2.99% a year earlier.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or
ARMs, on average, were at 3.28%, compared with 3.23% the previous
week and 2.93% a year earlier.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
March 16, 2017 10:15 ET (14:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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