Average Mortgage Rates Rising, Buoyed by Strong Jobs Report

McLean, VA, March 13, 2015—Average fixed rate mortgage rates are moving higher amid a strong jobs report and bringing mortgage rates back to where they were at the start of 2015, according to the results of Freddie Mac’s Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) has averaged below 4% since the week ending November 13, 2014. For the week ending March 12, a 30-year FRM averaged 3.86% with an average 0.6 point, up from the previous week when it averaged 3.75%. A year ago at this time, the 30-year FRM averaged 4.37%. 

A 15-year fixed-rate mortgage this week averaged 3.10% with an average 0.6 point, up from last week when it averaged 3.03%. A year ago at this time, the 15-year FRM averaged 3.38%.