Mortgage Interest Rates Up for the First Time in Seven Weeks

The average mortgage interest rate in the United States increased for the first time in seven weeks for the week ending September 21, 2017, but rates remained below 4 percent, according to Freddie Mac's weekly Primary Mortgage Market Survey. 

The 30-year, fixed-rate mortgage loan averaged 3.83 percent, with an average 0.5 point, an increase from 3.78 percent the previous week. The 30-year note averaged 3.48 percent during the same week last year.  

"The 10-year Treasury yield continued its upward trend, rising 7 basis points this week," Sean Becketti, Freddie's Mac chief economist, said. "As we expected, the 30-year mortgage rate followed suit, increasing 5 basis points to 3.83 percent. This week's uptick in the 30-year mortgage rate ends a nearly two-month streak of declines."

The 15-year, fixed-rate mortgage interest rate average 3.13 percent, with an average 0.5 point. The five-year, adjustable-rate mortgage loan averaged 3.17 percent, with an average 0.4 point.