Mortgage Rates Push Higher Again: 30-Year At 4.51 Percent

by Categorized: Banks Date:

Mortgage interest rates moved higher again in the past week, with 30-year fixed rates averaging 4.51 percent and 15-year fixed rates averaging 3.53 percent nationally, according to figures released Thursday by Freddie Mac.
A week ago, 30-year fixed rates averaged 3.56 percent and 15-year fixed rates averaged 3.39 percent.

“June’s strong employment led to more market speculation that the Federal Reserve will reduce future bond purchases causing bond yields to rise and mortgage rates followed,” says Frank Nothaft, Freddie Mac’s vice president and chief economist.

Here are the numbers in New England:

This week:
30-year: 4.51 percent
15-year: 3.54 percent

Last week
30-year: 4.31 percent
15-year: 3.42 percent

A year ago
30-year: 3.61 percent
15-year: 2.89 percent

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