Mortgage rates rise again, nearly hitting 4 percent mark

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Rates on 30-year fixed-rate mortgages averaged 3.98 percent with an average point of 0.7 percent for the week ending June 13, up from 3.91 percent last week and 3.71 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also increased, while rates on one-year Treasury-indexed ARMs held steady. Source: Freddie Mac