Mortgage rates increased slightly this week, bringing the average rate for a 30-year fixed-rate mortgage to 3.00%, up from 2.94% last week, according to Freddie Mac’s Primary Mortgage Market Survey.
A year ago at this time, the average rate for a 30-year was 3.24%.
“After a run up over the first few months of the year, rates have paused and hovered around three percent since March,” says Sam Khater, Chief Economist for Freddie Mac,
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