Friday, May 24, 2013

Fixed Rates Rise Again

Fixed Rates Rise Again
Fixed mortgage rates trended higher for the third consecutive week, according to reports from Freddie Mac and Bankrate.com. 

According to Freddie Mac’s Primary Mortgage Market Survey, the

“Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago. While this may slow some of the refinance momentum, rates are nonetheless low and home-buyer affordability high, which should further aid home sales and construction in coming weeks,” See Rates ...

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