Fixed Mortgage Rates Move Higher

Freddie Mac Thursday released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher for the ninth consecutive week. Despite the recent jump in mortgage rates since the election, the annual average for the 30-year fixed-rate mortgage was 3.65 percent in 2016, the lowest annual average ever recorded in the Freddie Mac PMMS going back to 1971.
Survey Highlights:
30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0