Mortgage Rates Flat

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Freddie Mac’s August 8 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates changing little since last week. Spiking more than a full percentage point since early May, the average 30-year fixed-rate mortgage has seesawed week-to-week, while remaining below its recent high of 4.51 percent in mid-July.

Mortgage Rates Jump Up

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Freddie Mac’s June 27 release of results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates jumping along with bond yields amid recent Fed remarks that it could begin tapering its bond purchases later this year. The average 30-year fixed-rate mortgage rose from 3.93 percent last week to 4.46 percent this week; the highest it has been since the week of July 28, 2011. This represents the largest weekly increase for the 30-year fixed since the week ended April 17, 1987.