Rates Rise, But Still Under 5
Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.87 percent during the week ended April 9 from record lows posted during the last couple of weeks. The 15-year fixed mortgage rate climbed to 4.54 percent from 4.52 percent. Meanwhile, the five-year hybrid adjustable rate bumped up to 4.93 percent from 4.92 percent; and the one-year ARM rose to 4.83 percent from 4.75 percent.
[SOURCES: Freddie Mac; Information, Inc.]
