NVR - Mortgage rates continue to creep up from record lows

30-year fixed-rate mortgage averages 3.05% for the week ending March 11, up from 3.02% in the prior week and down from 3.36% at this time a year ago, according to the Freddie Mac Primary Mortgage Survey."As the economy improves given labor market optimism, continued vaccination roll-out and additional stimulus pending, mortgage interest rates increased this week," said Freddie Chief Economist Sam Khater. "But even as rates rise modestly, the housing market remains healthy on the cusp of spring homebuying season."15-year FRM averages 2.38% vs. 2.34% a week ago and 2.77% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage average 2.77%, up from 2.73% a week ago, and down from 3.01% a year ago.Homebuilder stocks continue to rise, as seen with the iShares U.S. Home Construction ETF ([[ITB]] +0.7%); in the past year, ITB's total return has increased 55% vs. S&P 500's 38% rise.Strong movers today include D.R. Horton ([[DHI]] +2.0%),

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Mortgage rates continue to creep up from record lows