Mortgage rates climb higher this week

While still affordable, mortgage rates climbed slightly higher this week, Freddie Mac reports. The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012, while the 15-year fixed rate averaged 2.71 percent, according to Freddie Mac. Read Freddie Mac’s news release.

“Fixed mortgage rates were up slightly over the holiday week but remain highly affordable and should continue to aid in the ongoing housing recovery, ” said Frank Nothaft, vice president and chief economist for Freddie Mac.

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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