Mortgage Rates Show Slight Bump Up This Week


The mortgage rates were up a little last week. The major cause is thought to be the jobs report that came out. The report was better than anticipated. Even with the increase, the mortgage rates are still lower now than they were this time last year.

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The job report was good. There were almost 300,000 new jobs in the U.S. and that is after an large increase in April and May as well. This has also caused the national unemployment rate to drop as well.

According to MBA (Mortgage Bankers Association) the following are the latest numbers on the most popular mortgages.

30 year fixed rate mortgages – averaged 4.15. That is up from last week at 4.12. Last year the mortgage rate was at 4.51

15 year fixed rate mortgages – averaged 3.24. That is up from last week at 3.22. Last year the mortgage rate was 3.53



Christian Calvin mortgage Christian is a contributing writer for He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.


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