Mortgage Rates Rise, Set to Soar

Before the impact of the presidential election, mortgages rates were already rising. In the next report, fixed interest rates are likely to leap.

In the Primary Mortgage Market Survey from Freddie Mac for the week ended Nov. 10, thirty-year fixed rates averaged 3.57 percent.

The last time that the secondary lender had 30-year fixed rates this high was in the week ended June 9, when the average was 3.60 percent.

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From:: Financing