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

Mortgage rates inched up only slightly this week despite a sharper increase in bond yields, leaving the 30-year fixed-rate mortgage averaging just under 5 percent for the week, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.The 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week ending March 25, up from 4.96 percent last week and 4.85 percent a year ago.Yields on 10-year Treasury notes, by comparison, increased by 19 basis points in one week to an average of 3.84 percent on Wednesday.The 15-year FRM averaged 4.34 percent with an average 0.6 point, up from 4.33 percent last week but down from 4.58 percent a year ago.The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.14 percent this week, w...