Mortgage Rates Hit Highest Level in 4 Years

Mortgage rates inched even higher late last week, hitting a level not seen in four years after the January unemployment report topped economists’ expectations. As of Friday, CNBC reported that the 30-year fixed-rate mortgage rate was at 4.5% on average. Rates at some lenders were even higher than that as expectations increased that the Federal […]

Mortgage rates inch up slightly

(March 29/2013) Freddie Mac’s weekly survey of  fixed mortgage rates shows them moving slightly higher for the week but still remaining near historic lows. The average 30-year fixed-rate mortgage has remained below 4 percent for over a year providing support to the ongoing housing recovery.   30-year fixed-rate mortgage (FRM) averaged 3.57 percent with an […]

Mortgage Rates Trending Higher

February 2013-"Mortgage rates continued to trend upwards this week amid a growing economy led in part by the recovering housing market. For instance, new home sales totaled 367,000 in 2012, the most in three years and reflected the first annual increase in seven years. Pending home sales in 2012 averaged its highest reading since 2006. […]