WASHINGTON (MarketWatch) -- The 30-year fixed-rate mortgage rose to 3.98% in
the week ending June 13 - the highest rate since April 2012 -- up from 3.91% in
the prior week, Freddie Mac said Thursday in its weekly report. A year ago, the
30-year rate averaged 3.71%. The rate has increased for six weeks, rising more
than half of a percentage point since early May. Meanwhile, the 15-year
fixed-rate mortgage rose to 3.10% in the latest week from 3.03% in the prior
week. The average rate on the 5-year Treasury-indexed hybrid adjustable-rate
mortgage rose to 2.79% from 2.74%. And the 1-year Treasury-indexed ARM remained
at 2.58%.
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