Mortgage Interest Rates Pick Up Amid Economic Gains

“Mortgage rates bounded back up this week, nearly matching their year-highs as markets await Friday’s Employment Situation Report.

Freddie Mac’s Primary Mortgage Market Survey put the 30-year fixed-rate mortgage (FRM) at an average 4.57 percent (0.7 point) for the week ending September 5, up from 4.51 percent in August’s last week. A year ago at this time, the 30-year FRM averaged 3.55 percent.”

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