U.S. Home Mortgage Rates Rise Slightly In Mid-October

Interest rates on home mortgage rose slightly in mid-October, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.82% in the week ended Oct. 15, up from 3.76%. That's the 12th straight week the 30-year benchmark has held below 4%. One year ago the 30-year rate stood at 3.97%. Meanwhile, the 15-year fixed-rate mortgage averaged 3.03% in mid-October, up from 2.99%. The 5-year Treasury-indexed hybrid adjustable rate mortgage was unchanged at 2.88%. And the 1-year Treasury-indexed ARM averaged 2.54%, down a tick.

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