Freddie Mac: Mortgage Rates Reverse Course, Rise

From Mortgage rates inched higher after falling two weeks straight following an uptick in the 10-year treasury note and amid a week of soft housing data.The latest Freddie Mac Primary Mortgage Market Survey found that the average 30-year, fixed-rate mortgage averaged 4.33% for the week ending April 24, increasing from 4.27% a week ago, but up from 3.40% a year earlier.

In addition, the 15-year FRM grew to 3.39%, a jump from last week’s 3.39%, and significantly up from 2.64% in 2013.

Read more: Freddie Mac: Mortgage rates reverse course, rise | 2014-04-24 | HousingWire