Fannie Mae (FNMA)

[patoja76]

The average rate for the 30-year fixed-rate mortgage rose to 4.28% in the week that ended Oct. 17 from 4.23% in the prior week, according to a Thursday report from federally controlled mortgage buyer Freddie Mac. "Fixed mortgage rates edged up leading to the federal budget deadline this week," said Frank Nothaft, Freddie's chief economist. A year earlier, the rate was at 3.37%. The average rate for the 15-year fixed-rate mortgage rose to 3.33% in the latest week from 3.31% in the prior week. Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage increased to 3.07% from 3.05%. The rate for a 1-year Treasury-indexed ARM ticked down to 2.63% from 2.64%.
http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-428-2013-10-17-1091019

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