Tag Archive for freddie mac

Average Mortgage Rate Holds Steady From Week Before

According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average interest rate for 30-year fixed-rate mortgages remained unchanged from the previous week, but up from one year ago. Frank Nothaft, vice president and chief economist at Freddie Mac, said rates held steady due to a mixed employment report. In August, the economy added fewer jobs than analysts forecast but, at the same time, the unemployment rate fell to 7.3 percent, which was the lowest its been since December 2008. Though unchanged from the week before, mortgage rates remain near their highs for the year. More here.