The average rate for a benchmark 30-year mortgage jumped another 7 basis points over the past week to 4.72 percent, which is 89 basis points above its mark at the same time last year and the highest average rate since April of 2011, according to Freddie Mac’s latest Mortgage Market Survey data.

At the same time, the average rate for a 15-year fixed mortgage ticked up another 5 basis points to 4.16 percent, which is 103 basis points (1.03 percentage points) above its mark at the same time last year, and the average rate for a 5-year adjustable ticked up 5 basis points as well to 3.97 percent which is 77 but remains 75 basis points higher on a year-over-year basis.

Keep in mind that the above rates were measured prior to yesterday’s rate hike by the Fed, which was predicted and appears to have been priced in. And according to an analysis of the futures market, the probability of the Fed instituting another rate hike by the end of this year is now running around 86 percent.

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