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Freddie Mac: Mortgages rates rise from yearly lows

NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages edged up from their lowest in over 14 months as bond yields have risen this week on encouraging economic data and optimism.

The average U.S. rate for a 30-year fixed mortgage rose two basis points this week from a two-year low, according to the latest Freddie mac primary mortgage market survey. The rate was 3.84%, compared with last week’s 3.82%. A year ago, the rate sat significantly higher at 4.57%.

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“Mortgage rates continued to hover near three-year lows and purchase application demand has responded, rising steadily over the last two months to the highest year-over-year change since the fall of.

Freddie Mac: Mortgage rates rise from two-year low Multifamily, commercial mortgage delinquency rates near 20-year lows Kathleen "KK" Howley is HousingWire’s real estate editor.

Rates on 30-year fixed mortgages backed off from yearly lows this week, but still remain historically cheap. Mortgage finance company Freddie Mac says the average rate rose to 4.75 percent, up.

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House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018.. mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.. The top five areas in annual appreciation were: 1) Idaho 11.9.