Average fixed mortgage rates were up a bit over last week, according to Freddie Mac’s Primary Mortgage Market Survey.

Thirty-year fixed-rate mortgage rates averaged 4.28 percent for the week ending Feb. 13, up from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.53 percent.

Fifteen-year fixed-rate mortgage rates this week averaged 3.33 percent, unchanged from last week. A year ago at this time, the 15-year FRM averaged 2.77 percent.

Five-year Treasury-indexed hybrid adjustable-rate averaged 3.05 percent this week, down from last week when it averaged 3.08 percent. A year ago, the five-year ARM averaged 2.64 percent.

One-year Treasury-indexed adjustable rate mortgage rates averaged 2.55 percent this week, up from last week when it averaged 2.51 percent. At this time last year, the one-year ARM averaged 2.61 percent.

"Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the economy added 113,000 jobs in January, which was below the market consensus forecast and followed a slight upward revision of 1,000 jobs in December," said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement. Meanwhile, the unemployment rate fell to 6.6 percent, which makes 13 consecutive months without an increase."

30-Year Mortgage Rates Up To 4.28 Percent

by Banker & Tradesman time to read: 1 min
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