Freddie Mac: Mortgage rates climb for fifth straight week

Fixed mortgage rates rose again this week following “concerns the Federal Reserve may slow its bond purchases amid a strengthening economy,” Freddie Mac reported this week. The 30-year fixed rate averaged 3.91 percent this week while the 15-year averaged 3.03, marking the first time since May 2012 that the 15-year was over 3 percent. Read Freddie Mac’s news release.

More news headlines for today:

Home sales sky-rocket as interest rates slowly increase – WEEK-TV

Home sales up again; interest rates moving up – Champaign News-Gazette

Wells Fargo settles allegations over foreclosed homes – Chicago Tribune

Leave a Reply

Your email address will not be published. Required fields are marked *