The average rate for the 30-year fixed-rate mortgage increased to its highest level since the British vote
However, it is still more than 40 basis points lower than the rate on the 30-year fixed-rate mortgage for the same week in 2015.
The 30-year fixed-rate mortgage averaged 3.5% for the week ending Sept. 15,
"The 10-year Treasury yield rose 18 basis points to 1.73%, its highest level since Brexit. The 30-year fixed-rate mortgage followed suit. This is the first week since June that mortgage rates were above 3.48%, snapping an 11-week trend," said Sean Becketti, chief economist at Freddie Mac, in a press release.
The 15-year fixed-rate mortgage averaged 2.77%, up from last week when it averaged 2.76%. A year ago at this time, it averaged 3.11%.
The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.82%, up from last week when it averaged 2.81%. A year ago, it averaged 2.92%.
