This week's housing and mortgage industry data is something of a seesaw ride, with mortgage rates, millennial homebuying and the mortgage delinquency rate rising while mortgage applications and a major builder's output did not.
Rates And Applications: Freddie Mac (OTCQB:FMCC) reported the 30-year fixed-rate mortgage averaged 4.42% for the week ending March 24, up from last week’s 4.16%. The 15-year fixed-rate mortgage averaged 3.63%, up from last week’s 3.39%, and the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.36%, higher than the 3.19% recorded one week ago.
