Average U.S. mortgage interest rates slightly increased for the week ending May 11, 2017, and remained around 4 percent for the fourth consecutive week, according to Freddie Mac's weekly Primary Mortgage Market Survey.
"The 10-year Treasury yield jumped 8 basis points this week while the 30-year mortgage rate rose 3 basis points to 4.05 percent,"Sean Becketti, chief economist for Freddie Mac, said. "Mixed economic reports over the last few weeks have anchored the 30-year mortgage rate around the 4 percent mark."
The 15-year, fixed rate mortgage averaged 3.29 percent, with an average 0.5 point. The 15-year note averaged 3.27 percent the previous week and 2.81 percent the previous year.
The five-year, adjustable-rate mortgage averaged 3.14 percent, with an average 0.5 point, an increase from 3.13 percent last week and 2.78 percent last year during the same week.