According to Freddie Mac, mortgage rates had their sharpest rise of the year last week. Here are the national average numbers:
30 year fixed-rate mortgages averaged 4.23% with an average 0.5 point. That was up from 4.12% average. Last year the 30 year fixed rates averaged 4.50%.
15 year fixed-rate mortgages averaged 3.37%, with an average 0.5 point. That was up from last week’s 3.26% and one year ago they averaged 3.54%.
As someone who bought their first home in the early 1980s, those still look like incredibly low rates to me. But, that is the latest from Freddie Mac.