Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
667,466-14,684
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.91%0.02
MortgageMortgage Rates

Freddie Mac: 10-year Treasury hits highest point since June

Mortgage rates follow, increase from last week

Mortgage rates increased this week after last week’s drop, following the increase of the 10-year Treasury’s to its highest point since June.

“A jump last week in the PCE, the price index tracked most closely by the Fed, raised the prospect that inflation might not be completely dead after all,” Freddie Mac Chief Economist Sean Becketti said. “Investors reacted by driving the yield on the 10-year Treasury to its highest point since June.”

Click to Enlarge

11-3-16

(Source: Freddie Mac)

The 30-year fixed-rate mortgage increased to 3.54% for the week ending Nov. 3, 2016. This is up from last week’s 3.47% but down from last year’s 3.87%.

The 15-year FRM also increased to 2.84%, up from last week’s 2.78% but down from last year’s 3.09%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to 2.87%, up from 2.84% last week. This is still down from last year’s 2.96%.

“The 30-year mortgage rate jumped seven basis points to 3.54%, the largest one-week increase in over six months,” Becketti said.

Most Popular Articles

Latest Articles

loanDepot’s Frank Martell on building lifelong consumer relationships through technology 

In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a tantalizing conversation with Frank Martell, the president and CEO of loanDepot, to discuss the company’s profitability in the third quarter of 2024 and its Project North Star growth plan for 2025.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please