Freddie Mac: Mortgage rates rise for the fourth consecutive week

The 30-year-fixed mortgage rate averaged 4.65 percent this week, the highest since May, according to Freddie Mac’s most recent Primary Mortgage Market Survey.

According to Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates rose for the fourth consecutive week in late September 2018. Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed-rate mortgage increased once again to its highest level since May.

Mortgage Rates Head Up July 18, 2019. Mortgage rates moved higher after remaining at around the same level for about three weeks. The rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates, which should provide support for business and investor sentiment.

Freddie Mac News Facts. 30-year fixed-rate mortgage (FRM) averaged 4.20 percent with an average 0.5 point for the week ending April 25, 2019, up from last week when it averaged 4.17 percent. A year ago at this time, the 30-year FRM averaged 4.58 percent.

Mortgage rates fell for a 4 th consecutive week in the week ending 23 rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the previous week. The 1 basis.

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Mortgage. rates decreased by 1 basis points to 3.77% in the week. Rates increased by 3 basis points from last year’s 3.74%. The average fee increased from 0.3 points to 0.4 points. According to.

Mortgage rates have moved higher for the fourth. week that March was the best month for sales of new single-family homes since November 2017. Low mortgage rates played a role in that, says Sam.

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Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level since May. Costs for would-be homebuyers continue to climb.

The 30-year fixed-rate mortgage averaged 4.06% for the week ending May 23, 2019, down from last week’s rate of 4.07%. A year ago, the rate was 4.66%. "Mortgage rates fell for the fourth consecutive.

After falling for two consecutive weeks. round of tightening between 2004 and 2006.” (Source: Freddie Mac) According to the report, the 30-year fixed-rate mortgage averaged 4.62% for the week.

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Mortgage rates rose seven basis points compared with the prior week, but remained below 3.6% over four consecutive weeks for the first time since the fourth quarter.