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Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds
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Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds

By Breck Dumas  | Fox Business Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week's reading of 6.32%. The average rate on a 30-year loan was 7.63% a year ago. "The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates surge higher, further hurting demand
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Approved, Fox Business, National

Mortgage rates surge higher, further hurting demand

By Breck Dumas  | Fox Business Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week's reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. "Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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