30-Year Mortgage Rates Climb Near 4% Range
Posted by The Cascade Team Real Estate on
Follow & Review Us On:Â
Daily Real Estate News |   Friday, June 14, 2013 ÂFor the sixth consecutive week, mortgage rates inched higher, continuing to climb from all-time lows, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage—the most popular among home buyers—has now climbed a half percentage point since last month.Â
A strengthening economy and positive employment report this month prompted fixed-rate mortgages to climb higher this week, says Frank Nothaft, Freddie Mac’s chief economist.Â
Freddie Mac reports the following national averages with mortgage rates for the week ending June 13:Â
- 30-year fixed-rate mortgages averaged 3.98 percent, with an average 0.7 point, rising from last…
2710 Views, 0 Comments