3.68%: Mortgage Rates Tick Up

  • March 10, 2016

by UrbanTurf Staff

3.68%: Mortgage Rates Tick Up: Figure 1

Freddie Mac reported that the 30-year fixed-rate mortgage ticked up this week, averaging 3.68 percent with an average 0.5 point.

“The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday,” Freddie Mac’s Sean Becketti noted in a release. “Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent.”

UrbanTurf has been following the trajectory of rates since 2010:

3.68%: Mortgage Rates Tick Up: Figure 2

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

This article originally published at http://dc.urbanturf.com/articles/blog/3.68_mortgage_rates_tick_up/10971

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