Mortgage rates moved up this week, with the average rate for a 30-year fixed-rate mortgage rising to 2.87%, up from 2.77% a week ago, according to Freddie Mac’s Primary Mortgage Market Survey.
A year ago at this time, the average rate for a 30-year was 2.96%.
“Following last Friday’s strong jobs report, which revealed broad based gains in employment and wage growth, mortgage rates are moving higher,” says Sam Khater, chief economist for Freddie