The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.
On The Mortgage Front: Freddie Mac (OTC:FMCC) reported the 30-year fixed-rate mortgage averaged 5.27%, up from last week when it averaged 5.10%. The 15-year fixed-rate mortgage averaged 4.52%, up from last week when it averaged 4.40%. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.96%, up from last week when it averaged 3.78%.
