Mortgage Rates Going Up
After six consecutive weeks of reaching all-time record lows, fixed-rate mortgages reversed course this week, starting to inch upwards, Freddie Mac reports in its weekly mortgage market survey. Even with the slight upward spike, interest rates are at historic lows, and home buyer affordability high, providing a strong incentive for those looking to buy a home.
30-year fixed-rate mortgages: averaged 3.71 percent
15-year fixed-rate mortgages: averaged 2.98 percent
Daily Real Estate News | Friday, June 15, 2012
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