The average rate for a conforming 30-year mortgage ticked back up to 4.20 percent over the past week and is within 38 basis points of the three-year high rate of 4.58 percent recorded this past August.

Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage was 3.98 percent at this time last year. The all-time low of 3.31 percent was recorded in November of 2012.

Freddie Mac is forecasting the 30-year rate will hit “around 4.6 percent” by the end of the year.

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Comments from “Plugged-In” Readers

  1. Posted by badlydrawnbear

    Should be intrestesting to see what the higher rates will do to an already weak market nationally.

    Weak home sales in May show it wasn’t the weather

  2. Posted by Lance

    It will be more interesting (and relevant) to see what higher rates do to the SF Market where prices continue to rise.

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