Mortgage rates continue to move up

Industry News

istock.com/xijian MCLEAN, Va. — Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.81%. “Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,” said Sam Khater, Freddie Mac’s chief economist. “The combination of rising…

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