Mortgage rates continued to climb this week but could be headed lower. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average moved higher for the third week in a row, rising to 3.78% with an average 0.5 point. (Points are fees paid to a lender equal to 1% of the […more]
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This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.78%. That’s 3 basis points above last week’s 3.75% but still more than a percentage point below the 4.83% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “This week marks the third consecutive week of rate increases, which hasn’t happened since April of […more]
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