Long-Term Mortgage Rates Rise for the Third Time in as Many Weeks

Freddie Mac’s Primary Mortgage Market Survey found that the both fixed- and shorter-term mortgage rates rose for the third week in a row.  30-year fixed-rate mortgage averaged 4.46% with an average 0.8 point for the week ending December 2, 2010, up from last week when it averaged 4.40%. Last year at this time, the 30-year FRM averaged 4.71%.  15-year FRM this week averaged 3.81% with an average 0.7 point.  Frank Nothaft, vice president and chief economist at Freddie Mac, states, “Mortgage rates followed bond yields higher this week as recently released economic data suggest the economy may be stronger this quarter than the previous.”  Read full article:

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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