Fixed Mortgage Rates Move Higher For Third Consecutive Week

Posted by Bonnie Martin Designated Broker on Monday, August 20th, 2012 at 9:25am.


RISMEDIA, Friday, August 17, 2012— Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term Treasury yields higher. This marks the third straight week of fixed mortgage rates moving higher. 

The survey reported that the 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week ending August 16, 2012, up from last week when it averaged 3.59 percent. Last year at this time, the 30-year FRM averaged 4.15 percent. 

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