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Mortgage Rates Rise for Second Straight Week

Just saw this report on interest rates and wanted to pass it on to my readers
 
 DAILY REAL ESTATE NEWS | FRIDAY, JUNE 13, 2014

Mortgage rates inched up this week, with the 30-year fixed-rate mortgage averaging 4.20 percent, Freddie Mac reports in its weekly mortgage market survey. It marked the second consecutive week that mortgage rates rose, after previously reaching yearly lows.

Freddie Mac reports the following national averages with mortgage rates for the week ending June 12:

  • 30-year fixed-rate mortgages: averaged 4.20 percent, with an average 0.6 point, rising from last week’s 4.14 percent. Last year at this time, 30-year rates averaged 3.98 percent.
  • 15-year fixed-rate mortgages: averaged 3.31 percent, with an average 0.5 point, rising from last week’s 3.23 percent average. A year ago, 15-year rates averaged 3.10 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.05 percent, with an average 0.4 point, rising from last week’s 2.93 percent average. Last year at this time, 5-year ARMs averaged 2.79 percent.
  • 1-year ARMs: averaged 2.40 percent, with an average 0.4 point, holding the same as last week. A year ago, 1-year ARMs averaged 2.58 percent.

Source: Freddie Mac

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Christopher said:

In mortgage the finance is given to the owner as mortgage money in respect to this the property is belong to the person from this certain time period. The building and apartments are mostly mortgage for several years contract by http://www.retailmenot.com/view/rushessay.com which secure lend your money for following period.

December 11, 2017 8:20 AM

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