30-year fixed mortgage steady at average 3.53%

Average fixed mortgage rates unchanged from the previous week and remaining near their record lows as they continue to support housing demand, translating into an up-tick in home prices in most markets.

News Facts

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Excerpted from Freddie Mac.  Read full article

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Category: Real Estate News

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