Home-loan rates crept higher during this past week on a robust jobs data report, and multiple signs suggest that not much change is likely in the next mortgage rate report.
A 2-basis-point increase from the prior week left 30-year fixed rates averaging 3.45 percent in Freddie Mac’s Primary Mortgage Market Survey for the week ended Aug. 11.
In the report, Freddie Mac Chief Economist Sean Becketti attributed the week-over-week increase in mortgage rates to a strong employment report for the month of July.
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From:: Financing