Freddie Mac said the average rate on 30-year fixed-rate mortgages increased to 7.84% for the week ended Dec. 3, up from 7.75% from the previous week.

In the 15-year sector, fixed-rate mortgages increased to 7.46% from the prior week's 7.36%. A year ago, the rate was 6.37%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.