Freddie Mac: Mortgage rates edge higher on stronger economy

With improved November pending home sales, an increase in consumer confidence in December and higher home prices, “mortgage rates edged up to begin the year on signs of a stronger economic recovery,” said Freddie Mac Vice President and Chief Economist Frank Nothaft.

Fixed mortgage rates moved higher with a 30-year fixed rate mortgage averaging 4.53 percent, up from 4.48 percent last week and 15-year fixed rates averaging 3.55 percent, up from 3.52 percent, according to Freddie Mac’s latest release.

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