U.S. Fixed-Mortgage Rates On Rise

Posted by Bonnie Martin Designated Broker on Monday, August 27th, 2012 at 8:16am.


foxbusiness.com - Average fixed mortgage rates in the U.S. continued to move higher over the past week--marking the fourth week in a row--as more signs emerged of improvement in the housing market, according to mortgage-finance company Freddie Mac (FMCC).

Freddie Mac Chief Economist Frank Nothaft noted recent positive housing data included an increase of residential building permits during July as well as an improvement in existing home sales last month--including the largest year-to-year gain in median home prices since January 2006.

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