30-year fixed-rate mortgage averages 3.73% for the week ending Sept. 19, up 17 basis points from 3.56% in the prior week but down from 4.65% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey.
“Despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction," said Freddie Chief Economist Sam Khater.
15-year FRM averages 3.21% vs. 3.09% in the prior week and 4.11% at this time a year ago.
5-year Treasury-indexed hybrid adjustable-rate mortgage averages 3.49% vs. 3.36% in the previous week and 3.92% a year ago.
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