Freddie Mac: Mortgage rates edge higher on stronger economy

With improved November pending home sales, an increase in consumer confidence in December and higher home prices, “mortgage rates edged up to begin the year on signs of a stronger economic recovery,” said Freddie Mac Vice President and Chief Economist Frank Nothaft.

Fixed mortgage rates moved higher with a 30-year fixed rate mortgage averaging 4.53 percent, up from 4.48 percent last week and 15-year fixed rates averaging 3.55 percent, up from 3.52 percent, according to Freddie Mac’s latest release.

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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.