Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Monday, October 21, 2019  Spokane, Washington  Est. May 19, 1883
Cloudy 41° Cloudy
News >  Business

Thirty-year fixed mortgage rate rises to 3.83 percent

By Paul Wiseman Associated Press

WASHINGTON – Long-term mortgage rates rose this week, lifting the 30-year fixed mortgage from the lowest levels of 2017.

Mortgage buyer Freddie Mac says the 30-year fixed mortgage rate was 3.83 percent, up from 3.78 percent last week and above last year’s average of 3.65 percent. The 15-year fixed rate, popular with homeowners who are refinancing their mortgages, rose to 3.13 percent from 3.08 percent last week.

Rates on long-term home loans typically track the yield on 10-year Treasury notes, which moved higher this week.

Rates on adjustable five-year mortgages rose to 3.17 percent from 3.13 percent last week.

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com