After quite a few weeks floating in the doldrums, mortgage rates made some modest moves last week. Unfortunately those movements, from a consumer perspective, were all in the wrong direction.
According to Freddie Macs Primary Mortgage Market Survey the 30-year fixed-rate mortgage (FRM) averaged 6.21 percent with an average 0.4 point. This is an increase from the previous week when it averaged 6.15 percent with 0.5 points. Facts are from Mortgage Daily News.
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