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Mortgage rates rise for second consecutive week

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Another drop in applications for mortgages — the second in as many weeks. loans. The effective rate decreased from last week. The average contract interest rate for 30-year FRMs with jumbo loan.

Freddie Mac released the results of their mortgage survey showing and increase in rates in the second consecutive week. Fixed mortgage rates rose amid continued market expectations of a possible rate increase by the Federal Reserve and following a stronger than expected jobs report.

The benchmark 30-year fixed-rate mortgage saw a slight uptick this week to 3.95 percent from 3.94 percent, according to Bankrate’s weekly survey of large lenders. The big news is the rate tumbled.

US mortgage rates rose for the second week in a row, according to data released by Freddie Mac on Thursday.

U.S. mortgage rates have increased for the second consecutive week, yet still remain below 4 percent, according to Freddie Mac. The average 30-year fixed mortgage averaged 3.98 percent for the week.

NEW YORK, May 26, 2016 /PRNewswire/ — Mortgage rates increased again this week, with the benchmark 30-year fixed mortgage rate rising to 3.82 percent, according to Bankrate.com’s weekly national.

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The recent stabilization in mortgage rates reflects modestly improving U.S.. Reserve to respond to the rising downside economic risk from trade tensions and soft. On the housing front, the latest weekly purchase application data suggests. is consistent with the slowly improving real estate data from the last two months .

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The average U.S. rate for a 30-year fixed mortgage rose two basis points this week from a two-year low, according to the latest Freddie Mac.

Although interest rates extended their decline for the second. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, fell during the week.

Mortgage rates rose for the second consecutive week according to the weekly mortgage survey by Freddie Mac. Average rates for both the 30-year and 15-year fixed-rate mortgages climbed slightly during the week ending Thursday, Nov. 12. The 15-year fixed-rate mortgage average is now the same as it was this time last year, and the 30-year fixed-rate mortgage average is only slightly lower than last year’s rate.