Fixed Mortgage Rates Move Higher

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The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released January 24 show fixed mortgage rates moving higher from the previous week.  The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012.  But fixed-mortgage rates still remain highly affordable near their all-time record lows.

Key Interest Rate Moves Up

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Freddie Mac’s Primary Mortgage Market Survey® results released Jan. 10 show fixed mortgage rates moving higher following December’s employment report. The 30-year fixed averaged 3.40 percent, its highest reading in eight weeks. The all-time record low for the average 30-year fixed was 3.31 percent set November 21, 2012.