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.

2 thoughts on “Mortgage Rates Tick Up For Second Week In A Row”
  1. It will be more interesting (and relevant) to see what higher rates do to the SF Market where prices continue to rise.

Leave a Reply

Your email address will not be published. Required fields are marked *