The week in housing was one of great challenges, with mortgage rates cracking the 5 percent level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage services drop their convenience fees charged to borrowers.
High-Five
Freddie Mac reported the 30-year fixed-rate mortgage averaged 5 percent on April 14, up from last week when it averaged 4.72 percent; one year ago, it averaged 3.04 percent.The 15-year fixed-rate mortgage averaged 4.17 percent, up from last week when it averaged 3.91 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.69 percent.
