Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mortgage rates climbed for the second consecutive week on news that the economy may soon be improving, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.82 percent for the week ended today, up from last week when it averaged 5.72 percent. The average for the 15-year fixed-rate mortgage this week is 5.24 percent, also up from last week when it averaged 5.12 percent. Points on both the 30- and 15-year averaged 0.6. One-year Treasury-indexed adjustable-rate mortgages averaged 4.08 percent this week, with an average 0.6 point, up from last week when they averaged 3.97 percent. "The financial market thinks we've passed the 'soft patch' in the economy, which would translate into stronger growth ...