MCLEAN, Va. (1/4/15)—Fixed mortgage rates moved higher with the 30-year, fixed-rate mortgage breaking above 4% for the first time in five months, according to Freddie Mac’s Primary Mortgage Market Survey.
A 30-year, fixed-rate mortgage (FRM) averaged 4.01%, with an average fee of 0.6 points, for the week ending Dec. 31, up from last week when it averaged 3.96%. A year ago at this time, the 30-year, FRM averaged a rate of 3.87%.
A 15-year, FRM this week averaged 3.24%, with an average fee of 0.6 points, up from 3.22% last week. A year ago at this time, the averaged 15-year, FRM was 3.15%.
A five-year, Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08% this week, with points and fees at 0.4, up from last week when it averaged 3.06%. A year ago, the five-year ARM averaged 3.01%.
A one-year, Treasury-indexed ARM averaged 2.68% this week, unchanged from last week. Points and fees averaged 0.2. At this time last year, the one-year ARM averaged 2.40%.