The Main Key To Understanding the Rise in Mortgage Rates
Keeping Current Matters
OCTOBER 5, 2021
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac , explains: “Mortgage rates rose across all loan types this week as the 10-year U.S.
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