Mortgage Rates on Third Consecutive Week of Increases

Economists may see the ongoing steady job growth and strength of the economy as the backdrop for the recent, sharp reversal in mortgage rate decreases, but data shows homebuyers are holding out for lower rates just the same. The 30-year-fixed-rate mortgage averaged 6.44% this week, up from last week’s average of 6.32% and marked the…

The post Mortgage Rates on Third Consecutive Week of Increases appeared first on RISMedia.

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