'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.' Treasury yield reached its highest point since June,' said Sam Khater, Freddie Mac's chief economist, in a statement. 'Mortgage rates rose across all loan types this week as the 10-year U.S.
The interest rate during the same week last year was 2.88%.
The current rate for a 30-year fixed-rate mortgage is 3.01 % with 0.7 points paid, an increase of 0.13 percentage points week-over-week.The direction of rates for other types of loans also trended upward this week:
