Economic Report: Mortgage rates tick up, but applications still hit a 9-year high

A streetscape in Erie, Pa.

Rates for home loans rose as economic indicators strengthened, mortgage guarantor Freddie Mac reported Thursday.

The 30-year, fixed-rate mortgage averaged 4.17% in the April 18 week, up from 4.12%. That was the third straight weekly increase for the popular product, a feat it hadn’t achieved since September. The 15-year fixed-rate mortgage averaged 3.62%, up two basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.78%, down from 3.80%.

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