Mortgage rates jumped for the second consecutive week in anticipation of a healthier jobs report tomorrow, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.com. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.52 percent, with an average 0.6 point, for the week ended today, up from last week when it averaged 5.4 percent. The average for the 15-year fixed-rate mortgage this week is 4.84 percent, up from last week when it averaged 4.7 percent. Points on both the 30- and 15-year averaged 0.6. One-year Treasury-indexed adjustable-rate mortgages averaged 3.46 percent this week, with an average 0.6 point, up from 3.36 percent last week. "In advance of what is hoped will be a strong jobs report tomorrow, bond yields rose this week and, p...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.