Fixed Rates Reach Record-Low Averages for 6th Consecutive Week

“As the employment situation continues to raise concerns, fixed rates fell even lower, slipping yet again to new record-lows, according to a survey from Freddie Mac released Thursday. The 30-year fixed-rate mortgage averaged 3.67 percent (0.7 point) for the week ending June 7, falling from last week’s average of 3.75 percent. Last year at this …

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Mortgage Rates Up, With 30-Year Fixed Above 4 Percent

Moving along side higher yields on bonds, mortgage rates continued to climb upwards, with the 30-year fixed-rate mortgage above the 4 percent benchmark for the first time since October 27, 2011, according Freddie Mac’s Primary Mortgage Market Survey. “Bond yields rose over the past two weeks in part due to an improving assessment of the …

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Mortgage Rates Head Higher on Positive Economic Data

Mortgage Rates Head Higher on Positive Economic Data Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s been since 2006. That, coupled with the Greek debt restructuring on the international front and the results of the Federal …

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Mortgage Rates Head Higher This Week

For the second week in a row, mortgage interest rates have edged up, according to data released Thursday by Freddie Mac. The GSE’s chief economist attributed the rise to positive news on the economic front that suggests the recovery is gaining some traction and consumers are more confident in the job market. According to Freddie …

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