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Freddie Mac: Mortgage rates increase amid strong jobs report

The national average 30-year fixed mortgage rate climbed to a two-year high 4.51% for the week ending July 11, according to Freddie Mac’s Primary Mortgage. program after the bullish June jobs.

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgages rates still remain near their May 23, 2013 lows. This week, the 30-year fixed-rate mortgage (FRM) averaged 3.69 percent with an average 0.6 point for the week ending Feb. 12, 2015, up from last.

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US average mortgage rates steady; 30-year stays at 4.81 pct. In this Wednesday, Nov. 28, 2018, photo, a realtor sign hangs in front of a home for sale in Pittsburgh. On Thursday, Nov. 29, Freddie Mac reports on the week’s average U.S. mortgage rates.

The Freddie Mac Primary Mortgage Market Survey® (PMMS®) shows mortgage rates down this week placing them back where they were two weeks ago at 4.51% for a 30-year fixed-rate mortgage. This week’s dip in rates is attributed to weaker than expected job gains, and an increase in the unemployment rate.

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Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates rising amid continued market expectations of a possible rate increase by the Federal Reserve and following a stronger than expected jobs report.

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Mortgage originations are expected to hit $2 trillion in 2016 for the first time in four years, according to Freddie Mac’s Outlook report. Freddie Mac credits low interest rates with spurring an.

 · According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.59 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1.

According to the latest data released Thursday by Freddie Mac. Employment Report missed expectations for private jobs in July. Uncertainty about the economy helped drive down Treasury yields early.

following an increase in 10-year Treasury yields and a strong jobs report. The average interest rate on a 30-year mortgage was 4.20 percent, compared with 4.14 percent last week and 3.98 percent in.

Attributed to Len Kiefer, deputy chief economist, Freddie Mac. "Mortgage rates rose this week following strong economic data. The economy added 257,000 new jobs in January after robust increases.

WASHINGTON – Average long-term U.S. mortgage rates rose sharply this week amid growing expectations that the Federal Reserve may soon raise its key short-term interest rate. Mortgage giant Freddie Mac.