Long-term U.S. mortgage rates shot up this week to the highest levels in more than two years. Investors are bidding up rates because they believe the incoming Trump administration will drive inflation and economic growth higher with tax cuts and increased government spending. Long-term mortgage rates have risen eight straight weeks.
|Current avg||Last week||52-week high||52-week low|
|30-year fixed||4.30 percent||4.16 percent||4.30 percent||3.41 percent|
|15-year fixed||3.52 percent||3.37 percent||3.52 percent||2.72 percent|
|5-year adjustable||3.32 percent||3.19 percent||3.32 percent||2.68 percent|