Mortgage Rates

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Freddie Mac: Mortgage rates experience the highest weekly uptick since last October

Sep 19, 2019By

This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.73%. That’s 17 basis points above last week’s 3.56% but still nearly a percentage point lower than it was at this time last year. Freddie Mac Chief Economist Sam Khater said despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction.