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Advantus Media Inc. and QuoteInspector.com
Last week, the average annual interest rate for 30-year loans increased to 7.18% from 7.12% the previous week. In the prior year, it was 6.02%.
15-year loans currently have an average AIR of 6.51% compared to 5.21% a year earlier.
Freddie Mac determines average rates based on information from around 80 mortgage loan originators countrywide,. The rates don't account for possible fees or other mortgage-related costs.
"Mortgage rates rose again this week and remain above 7 percent," Freddie Mac Chief Economist Sam Khater was cited as saying. "Mortgage rates are high because of accelerating inflation and the expanding economy."
source: marketwatch.com
15-year loans currently have an average AIR of 6.51% compared to 5.21% a year earlier.
Freddie Mac determines average rates based on information from around 80 mortgage loan originators countrywide,. The rates don't account for possible fees or other mortgage-related costs.
"Mortgage rates rose again this week and remain above 7 percent," Freddie Mac Chief Economist Sam Khater was cited as saying. "Mortgage rates are high because of accelerating inflation and the expanding economy."
source: marketwatch.com
