Mortgage Rates Rise, Likely to Stay Put

The latest weekly average for long-term rates on residential loans saw an increase, and there’s a good chance they will stay there.

For the week ended Sept. 15, thirty-year fixed rates averaged 3.50 percent in Freddie Mac’s Primary Mortgage Market Survey.

The 30 year climbed higher from a week prior, when it averaged 3.44 percent, but was down from 3.91 percent one year previous.

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From:: Financing