Mortgage

Freddie Mac: 10-year Treasury hits highest point since June

Mortgage rates follow, increase from last week

Mortgage rates increased this week after last week’s drop, following the increase of the 10-year Treasury’s to its highest point since June.

“A jump last week in the PCE, the price index tracked most closely by the Fed, raised the prospect that inflation might not be completely dead after all,” Freddie Mac Chief Economist Sean Becketti said. “Investors reacted by driving the yield on the 10-year Treasury to its highest point since June.”

Click to Enlarge

11-3-16

(Source: Freddie Mac)

The 30-year fixed-rate mortgage increased to 3.54% for the week ending Nov. 3, 2016. This is up from last week’s 3.47% but down from last year’s 3.87%.

The 15-year FRM also increased to 2.84%, up from last week’s 2.78% but down from last year’s 3.09%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to 2.87%, up from 2.84% last week. This is still down from last year’s 2.96%.

“The 30-year mortgage rate jumped seven basis points to 3.54%, the largest one-week increase in over six months,” Becketti said.

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please