Mortgage rates surge as latest ‘taper tantrum’ takes a bite

• July 6, 2017
• realestatelife
• Business & Markets, Politics & Economy, Real Estate Finance, The Real Estate Life

The 30-year fixed-rate mortgage averaged 3.96% in the July 6 week, up eight basis points during the week. The 15-year fixed-rate mortgage averaged 3.22%, up from 3.17% last week. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.21%, up four basis points. Those rates don’t include fees associated with obtaining mortgage loans.