Morning Minute: Mortgage rates see slight gain but remain historically low for borrowers

Freddie Mac reports that fixed mortgage rates saw some slight upward movement this week, but remained generally low averaging 4.12 percent for a 30-year, fixed and 3.26 percent for a 15-year fixed rate mortgage. Read more.

“Mortgage rates were up slightly this week, following the increase in 10-year Treasury yields, despite last week’s disappointing employment report [PDF]. The U.S. economy added only 142,000 jobs in August, after a 212,000 gain in July and a 267,000 increase in June. The unemployment rate fell to 6.1 percent in August from 6.2 percent the previous month,” said Frank Nothaft, vice president and chief economist for Freddie Mac.

In other headlines:

Rockford Area Realtors release August statistics – Rockford Register Star

Inland Real Estate first member of Chicago Realtors Corporate Hall of Fame – Chicago Sun-Times

Buyers Facing Less Competition From Cash Buyers -Daily Real Estate News

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