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6.24%: Long-Term Mortgage Rates Inch Up

  • November 13th

by UrbanTurf Staff

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Mortgage rate chart_11-13-25.png

Long-term mortgage rates moved up incrementally this week. 

Freddie Mac reported 6.24% as the average on a 30-year mortgage on Thursday, up two points from last week.

“Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s Chief Economist. 

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/624_long-term_mortgage_rates_inch_up/24066.

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