Mortgage Rates Edge Up but Remain at Annual Lows

Following Fed Chair Jerome Powell’s comments last week that a December rate cut is not a guarantee, economists said mortgage rates moving higher was an expected market response but also one that favors an improving climate for home affordability.  According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average…

The post Mortgage Rates Edge Up but Remain at Annual Lows appeared first on RISMedia.

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