Fixed Rates Inch Up

 

Hi Friends, 

I came across this article during my reading today and wanted to share it with you.

"Fixed mortgage rates increased this week following the Federal Open Market Committee’s affirmation that it intends to stay the course on its bond purchasing policy.

According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 4.39 percent (0.7 point) for the week ending August 1, up from 4.31 percent last week. Last year at this time, the 30-year fixed averaged 3.55 percent."

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