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

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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.