Year-end mortgage rates gave a final jump this week, closing off 2015 with the highest rates since mid-July 2015. According to Freddie Mac, these high mortgage rates were only matched during the months of June and July 2015, and in November 2014 for 2 consecutive weeks.

30-year fixed-rate mortgages increased from 3.96% last week to 4.01% this week, which is much higher than the 3.87% 30-year rate from the last week of December 2014.

15-year fixed-rate mortgages also rose slightly to 3.24% this week compared to 3.22% a week earlier. This rate is also well above the 3.15% rate from a year earlier at the close of 2014.

5-year adjustable-rate mortgages increased to 3.08% this week compared to 3.06% the previous week. This increase also stands higher than the previous year, when 5-year rates were at 3.01%.

1-year adjustable-rate mortgages remained unchanged from one week ago at 2.68%. One year ago this rate was much lower, at 2.4%.

In light of the recent Fed rate hike, we are likely to see interesting developments in the mortgage market as we move into 2016.

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