Mortgage rates moved higher this past week and month. It has been more than six years since rates on hybrid adjustable-rate mortgages have been as high as they were this week.
The regulator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency, reported that conforming 30-year fixed rates on purchase-money transactions averaged 4.17 percent in November.
Average long-term rates, which are based on a small survey of primary mortgage lenders by FHFA, escalated from the previous month by 6 basis points.
Source: Mortgage Daily