Thursday, April 18, 2024 | The Latest Buzz for the Appraisal Industry

Average Rate For 30-Year Increases for First Time in Six Weeks

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

This post was originally published on this site

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