The average rate for a benchmark 30-year mortgage has ticked 8 basis points over the past two weeks to 4.60 percent, which is 67 basis points higher on a year-over-year basis and within 6 basis points of its seven-year high of 4.66 percent which it hit in May, according to Freddie Mac’s latest Mortgage Market Survey data.

The average rate for a 15-year fixed mortgage ticked up 8 basis points as well to 4.08 percent, which is 90 basis points above its mark at the same time last year. And the average rate for a 5-year adjustable has ticked up 6 basis points to 3.93 percent, which is 78 basis points above its mark at the same time last year and an eight-year high.

And according to an analysis of the futures market, while the Fed didn’t hike rates yesterday, the probability of a hike in September has now ticked up to 94 percent.

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