Monday, June 18, 2012

Mortgage Rates End

Mortgage Rates End  End Six-Week Streak of Record Lows

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.

Despite the slight uptick in fixed-rate mortgages this week, however, rates “remain near historic lows helping to keep home buyer affordability high, and providing a strong incentive for those looking to refinance,” according to Freddie Mac.

Here’s a closer look at rates for the week ending June 14:Read more

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