Mortgage rates move higher

Posted by Bonnie Martin Designated Broker on Thursday, July 11th, 2013 at 12:55pm.

inman.com - Mortgage interest increased this week on the back of a positive jobs report that seemed to make it less likely that the Fed would delay plans to wind down its stimulus program later this year.

Rates on 30-year fixed-rate mortgages averaged 4.51 percent with an average point of 0.8 percent for the week ending July 11, up from 4.29 percent last week and 3.56 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

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