Mortgage Rates Hit Four-Year High

Sam Khater, Freddie Mac’s chief economist, says, "The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven year high of 4.94 percent – up 11 basis points from last week."

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The benchmark 30-year fixed-rate mortgage averaged 4.43% during the week ending March 1, according to Freddie Mac’s weekly survey, out Thursday. That was up three basis points from the prior week and.

According to Freddie Mac, Mortgage rates are at their highest level in four years, raising concerns inflation could impact home-buyers and sellers.. Interest rates hit four-year high

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From Freddie Mac’s weekly survey: On the heels of prime rate moving up one-quarter to 5.25 percent this week, the 30-year fixed rate averaged 4.72 percent, up 7 basis points from last week.

The uptrend in mortgage rates continued for the ninth straight week during the week ended Mar 8. According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year rate rose 3 basis points.

Mortgage interest rates are now as high as they’ve been in seven years. Despite falling in previous weeks, interest rates reversed course, and rose to the highest level since 2011, according to.

Freddie Mac’s latest Primary Mortgage Market Survey found average mortgage rates reaching levels that have not been seen in four years. The 30-year fixed-rate mortgage (FRM) averaged 4.58 percent for the week ending April 26, up from last week when it averaged 4.47 percent.

Adjustable rate mortgages moved higher also. The popular 5-year adjustable rate jumped to 3.63 percent, the highest in more than two years, while the 10-year adjustable hit 4.07 percent. This week’s.

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