Six Week Streak for Mortgage Rates

Six Week Streak for Mortgage Rates

For the sixth consecutive week, fixed-mortgage rates climbed higher. According to the latest results of Freddie Mac’s Primary Mortgage Market Survey, the 30-year, fixed-rate mortgage has increased over half a percentage point since a steady uptick began last month. This news follows a positive employment report for May with the economy adding 175,000 new jobs.

Despite the streak, mortgage rates are coming off their all-time record low and buying is 41 percent cheaper than renting nationally.
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For a current market analysis of your home or neighborhood, visit http://www.clarkransom.com and click on “Market Insider”.

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One thought on “Six Week Streak for Mortgage Rates

  1. Pingback: Soaring Mortgage Rates Are Going To Make It Far More Difficult To Buy Or Sell A House | Prepper Podcast Radio Network

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