Wednesday, January 1, 2014

Rates Show Little Change

In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 4.47% for the week ending December 26, 2013.

 Last year at this time, the FRM averaged 3.35%.

 Mortgage rates were little changed this week following mixed economic reports.  Real GDP was revised upwards to 4.1 percent growth in the third quarter of this year.  However, existing-home sales dropped 4.3 percent to a seasonally adjusted annual rate of 4,900,000 in November.

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