Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June. Many factors led to this increase, including the Federal Reserve communicating that it will taper its support of the capital markets, the broadening of inflation and emerging energy supply shortages which compound other labor and materials shortages. We expect mortgage rates to continue to rise modestly which will likely have an impact on home prices, causing them to moderate slightly after increasing over the last year."
• 30-year fixed-rate mortgage (FRM) averaged 3.01 percent with an average 0.7 points for the week ending September 30, 2021, up from last month when it averaged 2.87 percent. A year ago, at this time, the 30-year FRM averaged 2.88 percent.
• 15-year FRM this week averaged 2.28 percent with an average 0.6 points, up from last month when it averaged 2.17 percent. A year ago, at this time, the 15-year FRM averaged 2.36 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.48 percent this week with an average 0.3 points, up from last month when it averaged 2.42 percent. A year ago, at this time, the 5-year ARM averaged 2.90 percent.
