Mortgage Rates Set New High for 2015

Freddie Mac  |   June 12, 2015

Fixed-rate mortgages were back on the rise again this week, with the 30-year fixed-rate mortgage rising above the 4 percent average for the first time in nearly a year, Freddie Mac reports in its weekly mortgage market survey.

Buyer rushLoan Demand Surges on Fear of Rising Rates

"Mortgage rates rose above 4 percent for the first time since November 2014 as Treasury yields surged," says Len Kiefer, deputy chief economist at Freddie Mac. "Markets are responding to strong employment data. In May, the U.S. economy added 280,000 jobs. Moreover, job openings surged to 5.4 million in April, up over 20 percent from a year ago."

Freddie Mac reports the following national averages with mortgage rates for the week ending June 11:

Source: Freddie Mac