Mortgage Rates Rise for Labor Day

Mortgage rates moved slightly higher just before Labor Day, according to Freddie Mac’s most recent Primary Mortgage Market Survey® (PMMS®). As September begins, rates remain near their all-time record lows.
The 30-year fixed-rate mortgage (FRM) averaged 3.46 percent with an average 0.5 point for the week ending September 1, 2016, up from last week when it averaged 3.43 percent. A year ago at this time, the 30-year FRM averaged 3.89 percent.
The 15-year FRM this week