Time To Buy Is NOW! - Mortgage Rates Trend Higher for 3rd Consecutive Week
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Daily Real Estate News | Friday, May 24, 2013Mortgage rates continued to inch higher this week, Freddie Mac reports in its weekly mortgage market survey.Â
"Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago,” says Frank Nothaft, Freddie Mac’s chief economist. “While this may slow some of the refinance momentum, rates are nonetheless low and home-buyer affordability high, which should further aid home sales and construction in coming weeks.”
The rates are also lower today than they were a year ago at this time. Freddie Mac reports the…
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