Estimated reading time: 0 minutes, 21 seconds

Mortgage Rates Rise to 3.1% Amid Uptick in Inflation

After a one-week decline, U.S. long-term mortgage rates have continued their recent march upward from historic lows. So reports MarketWatch.

arrow 156792 640smallAccording to Freddie Mac, the 30-day fixed rate mortgage averaged 3.1% for the week ending November 18, an increase of 12 basis points.

Freddie Mac chief economist Sam Khater said in a statement, “The combination of rising inflation and consumer spending is driving mortgage rates higher.”

Read the full article from MarketWatch.

Read 1178 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.