---
title: Mortgage Interests Jump Again
description: The 30-year mortgage loan has increased more than a quarter point since the start of 2018 to the highest point since December 2016.
---

[Massachusetts Home Buyer Guide, First-time Homebuyer Tips, Advice MA ](https://info.buyersbrokersonly.com/blog)

# [Mortgage Interests Jump Again](https://info.buyersbrokersonly.com/blog/mortgage-interests-jump-again-to-highest-point-in-more-than-a-year)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Feb 8, 2018 5:11:53 PM

Average U.S. [mortgage](https://info.buyersbrokersonly.com/loan) interest rates climbed for the fifth consecutive week and to the highest point in more than a year, according to Freddie Mac's Primary Mortgage Market Survey. 

The [30-year, fixed rate mortgage loan](https://www.buyersbrokersonly.com/buying/massachusetts-mortgage-resource-center), with an average 0.6 point, increased to 4.32 percent for the week ending February 8, 2018. The 30-year note average 4.22 percent the previous week and 4.17 percent the previous year. The 30-year loan has increased more than a quarter point since the start of 2018. 

"The U.S. weekly average 30-year, fixed mortgage rate rocketed up 10 basis points ... this week," Len Kiefer, Freddie Mac's Deputy Chief Economist, said. "Following a turbulent Monday, financial markets settled down with the 10-year Treasury yield resuming its upward march. Mortgage rates have followed. The 30-year fixed mortgage rate is up 33 basis points since the start of the year. Will higher rates break [housing market](https://info.buyersbrokersonly.com/blog) momentum? It's too early to tell for sure, but initial readings indicate housing markets are sustaining their momentum so far." 

The Mortgage Bankers Association reported February 7, 2018, that [mortgage purchase applications](https://info.buyersbrokersonly.com/homebuyer-checklist-massachusetts) increased 8 percent compared to the same week last year. 

The 15-year, fixed rate mortgage, with an average 0.5 point, increased to 3.77 percent from 3.68 percent the previous week. A year ago the 15-year note averaged 3.39 percent.

The 5-year, adjustable rate mortgage averaged 3.57 percent, with an average 0.4 point, compared to 3.53 percent the previous week and 3.21 percent this time last year.

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• [How Much Cash Do Massachusetts First-time Homebuyers Need?](https://info.buyersbrokersonly.com/blog/how-much-cash-do-massachusetts-first-homebuyers-need) 

• [What is Debt-to-Income Ratio?](https://info.buyersbrokersonly.com/blog/what-is-debt-to-income-ratio-for-massachusetts-homebuyers)

[View full post](https://info.buyersbrokersonly.com/blog/mortgage-interests-jump-again-to-highest-point-in-more-than-a-year)

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