Madison McCutcheon

NMLS # 1705889

757-366-8690

madison@tidewaterhomefunding.com

Madison McCutcheon Mortgage Advisor

Fixed Mortgage Rates Move Slightly Higher, But Still At Record Lows

Fixed Mortgage Rates Move Slightly Higher, But Still At Record Lows

Fixed mortgage rates moved up slightly to 3.42% (30-Yr FRM) according to the Freddie Mac Weekly Primary Mortgage Market Survey.  The 15-Yr FRM moved to 2.71%.  However, these rates remain historically low, and continue to provide a positive environment of highly affordable mortgage rates.  This trend should keep aiding the ever improving housing market.

The following chart shows the last twelve (12) month trend:

Source:  http://www.freddiemac.com/news/finance/?intcmp=AFMREH