US Mortgage Rates Climb in the Week Ending September 3
Original Source:
Mortgage Rates Average 6.71%
Mortgage Rates Average 6.71%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, September 3.
The 30-year fixed-rate mortgage averaged 6.71%, up from 6.65% the previous week. A year ago at this time, the 30-year rate averaged 6.50%.
The 15-year fixed-rate mortgage averaged 6.04%, up from 5.98% last week. A year ago at this time, the 15-year rate averaged 5.60%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage averaged 6.71% this week. Purchase demand has remained relatively stable indicating steady interest from buyers adapting to evolving market conditions.”
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