Fixed mortgage rates increased for the fifth consecutive
week. "The market is concerned that the Federal
Reserve may slow its bond purchases amid a strengthening economy
added upward pressure on mortgage rates this week,”
said Freddie Mac vice president and chief economist. The average rate for a 30-year
fixed-rate mortgage climbed 10 basis points to 3.91% and the average 15-year
FRM, at 3.03%, increased by five basis points compared to the previous week.
I hope this information is useful.
Should you need assistance with any of your real estate
needs, please contact
Have a Supreme day!
Sheila M. Wilkinson-San
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