Mortgage Rates at 12-Week RecordBy RISMedia Staff
In the past week, the average 30-year fixed mortgage rate rose to 3.75 percent, its highest point in 12 weeks, according to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®).
"The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield," Sam Khater, chief economist at Freddie Mac, says. "Mortgage rates are following suit but are at near-historic lows, while mortgage applications to purchase a home remain higher year-over-year." 30-Year Fixed
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