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Fixed Mortgage Rates Show Slight Increase

Fixed Mortgage Rates Show Slight Increase

| May 13, 2013 | Housing Market

According to Freddie Mac’s weekly survey, 35-year fixed mortgages increased from 3.35% to 3.42% this week. The housing market is gaining more strength as it marches further into 2013 with low Mortgage rates, more home sales, and construction starts and completions on the rise.  Additionally, 15-year fixed mortgages averaged around 2.61%. Low mortgage rates have encouraged many Americans to consider buying homes or refinance their existing loans. More here

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