Mortgage rates climb for 4th week in a row

Mortgage rates inched up this week after days of volatile trading that sent the 10-year Treasury yield on a wild ride. Meanwhile, homebuyers remained reluctant to borrow for a second straight week, even as builders geared up to break more ground.
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30 year fixed rate mortgage -- 3 month trend

    The benchmark 30-year fixed-rate mortgage rose to 4.03 percent from 4.01 percent last week, according to the Bankrate.com national survey of large lenders. One year ago, that rate was 4.29 percent. Four weeks ago, it was 3.79 percent, and the rate has increased four weeks in a row. The mortgages in this week's survey had an average total of 0.23 discount and origination points. Over the past 52 weeks, the 30-year fixed has averaged 4.07 percent. This week's rate is 0.04 percentage points lower than that 52-week average.
    The benchmark 15-year fixed-rate mortgage rose to 3.23 percent from 3.22 percent.
    The benchmark 5/1 adjustable-rate mortgage rose to 3.19 percent from 3.17 percent.
    The benchmark 30-year fixed-rate jumbo rose to 4.13 percent from 4.09 percent.


Read more: http://www.bankrate.com/finance/mortgages/mortgage-analysis-052115.aspx