By Tess Stynes 
 

Average mortgage rates in the U.S. rose in the latest week, according to mortgage-finance company Freddie Mac (FMCC).

Freddie Mac Chief Economist Sean Becketti said in prepared remarks Thursday that the focus will be on the Federal Reserve next week, with markets 94% certain of a quarter-percentage point increase in interest rates.

For the week ended Thursday, the 30-year fixed-rate mortgage averaged 4.13%, compared with 4.08% a week earlier and 3.95% a year earlier.

Rates on 15-year fixed-rate mortgages averaged 3.36%, compared with 3.34% the previous week and 3.19% a year earlier.

Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, on average, were at 3.17%, compared with 3.15% the previous week and 3.03% a year earlier.

 

Write to Tess Stynes at tess.stynes@wsj.com

 

(END) Dow Jones Newswires

December 08, 2016 10:15 ET (15:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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