NAR: Home prices are firming

Real Estate News Blog Headline

Mortgage rates at highest level in seven months

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage averaged 5.59% with an average 0.7 point for the week ending June 11, 2009, up from last week when it averaged 5.29%. However, last year at this time, the 30-year fixed-rate mortgage averaged 6.32%. The last time the 30-year fixed-rate mortgage was higher was at the end of November, 2008.

Posted: June 12, 2009

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