Mortgage Rates Rise Once Again
Freddie Mac’s June 12 Primary Mortgage Market Survey showed that the 30-year fixed mortgage rose 6 basis points to 4.20 percent. This marked the the second consecutive week that rates have risen. In the second week of June 2013, the 30-year fixed averaged 3.98 percent.
The 15-year fixed-rate mortgage also rose, averaging 3.31 percent, up 8 basis points from June 5 when it averaged 3.23 percent. A year ago at this time, the 15-year fixed-rate mortgage averaged 3.10 percent.