Breaking News: Mortgage Interest Rates Rise Above 4%

Average U.S. 30-year, fixed rate mortgage interest rates climbed above 4 percent for the first time since 2015, according to Freddie Mac's weekly Primary Mortgage Market Survey released November 23, 2016.

The 30-year loan averaged 4.03, with an average 0.5 point, for the week ending November 23, 2016, an increase from 3.94 percent the previous week. The 30-year note average 3.95 percent during the same week last year. 

"In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points," Freddie Mac chief economist Sean Becketti said. "The 30-year mortgage rate followed suit, rising nine basis points to 4.03 percent. This increase marks the first week since 2015 that mortgage rates have risen above 4 percent."

The 15-year, fixed rate mortgage loan averaged 3.25 percent, with an average 0.5 point, compared to 3.14 percent the previous week. A year ago the same week the 15-year note averaged 3.18 percent.

The 5-year, adjustable rate mortgage averaged 3.12 percent, with an average 0.4 point, compared to 3.07 percent the previous week and 3.01 percent the previous year.