Freddie Mac reported a surge in fixed related mortgage rates in the week ending Nov. 18. The 30-year rate jumped 22 basis points to 4.39% with an average 0.9 point — this places the no point rate above 4.60%.
Rates are at their highest level since mid-August. The 15-year rates and 5/1 hybrid ARM rates also gained a respective 19 and 15 basis points to 3.76% and 3.40%. Meanwhile, one year ARM rates were unchanged at 3.26%.