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

Long-term mortgage rates rose for the second consecutive week, according to Freddie Mac's weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.81 percent for the week ended today, up from last week when it averaged 5.75 percent. The average for the 15-year fixed-rate mortgage this week is 5.23 percent, up from last week when it averaged 5.18 percent. Points on both the 30- and 15-year averaged 0.6. One-year Treasury-indexed adjustable-rate mortgages averaged 4.19 percent this week, with an average 0.6 point, up slightly from last week when they averaged 4.17 percent. "The 30-year (fixed-rate mortgage) came in under 6 percent for the last 22 weeks of this year. As a matter of fact, mortgage rates in 2004 averaged around 5.84 percent, the second l...