Mortgage Rates Inch Up Slightly

Mortgage Rates Inch Up Slightly

Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates slightly up from a few weeks ago, but with the average 30 year fixed-rate mortgage remaining below four percent.

“Fixed mortgage rates rebounded with the 30-year fixed mortgage rate increasing to 3.93 percent after declining for four weeks in a row,” says Frank Nothaft, vice president and chief economist, Freddie Mac.  “The rate rise comes on the heels of an uplifting jobs report showing nonfarm payrolls adding 321,000 new jobs in November – 91,000 more jobs than expected.  The unemployment rate remained unchanged at 5.8 percent.

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Mortgage Rates Inch Up Slightly (RIS Media Article)


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