Mortgage Rates Lifted by Encouraging Employment News

Posted by Bonnie Martin Designated Broker on Friday, August 10th, 2012 at 9:31am.

dsnews.com - Strong employment reports boosted mortgage rates back up for the second week in a row, Freddie Mac reported Thursday.

The GSE’s Primary Mortgage Market Survey shows the 30-year fixed averaging 3.59 percent (0.6 point) for the week ending August 9, an increase from 3.55 percent the previous week.

The 15-year fixed also posted gains, averaging 2.84 percent (0.6 point) for the week, up from 2.83 percent a week ago.

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