Tag Archives: Mortgage Rates. Freddie Mac

Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.98 percent (0.5 point) for the week ending October 30. Frank Nothaft, VP and chief economist at Freddie Mac, attributed the climb in interest rates to fair news in the housing market, pointing to new home sales and ongoing increases in the S&P Case-Shiller price indices.

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