The Main Key To Understanding the Rise in Mortgage Rates

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: […]

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Mortgage rates seeing a climb

A quick note on mortgage rates. There’s plenty of information coming out about the real estate market right now- the market is looking much more rosy than recent past with increased demand and price and decreased time on the market.  But what about those increased rates? Freddie Mac said the average 30-year fixed mortgage rate rose […]

Read More Mortgage rates seeing a climb