Mortgage Rates Continue Rise

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Mortgage rates moved higher again this week. The 30 Year Fixed Rate Mortgage was 3.05% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 2.38%. After moving down steadily for two years, mortgage rates continue to rise as yields remain elevated on mortgage bonds and treasury securities. For perspective, rates still remain incredibly low on a historical basis.

Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.

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