Freddie Mac Report Shows Upward Trending Mortgage Rates

As of December 28, 2017, the Freddie Mac Mortgage Market Survey showed mortgage rates are continuing to rise from an apparent trough in August, according to a report in HousingWire. This represents a five-month high for mortgage rates. A new trailing index report from the Federal Housing Finance Agency (FHFA) also supports this data, showing that interest rates are on the rise to start 2018. The FHFA report showed that average interest rates on all mortgages rose above 4 percent in November, corresponding with average loan sizes of $307,800 for that month.

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