Morning Minute: Mortgage rates climb slightly higher on stronger jobs news

Mortgage interest rates edged higher this week with the 30-year, fixed-rate averaging 3.94 percent and the 15-year, fixed-rate averaging 3.17 percent, according to the latest Freddie Mac report. Some of the economic factors at play include an additional 215,000 new jobs added to the economy in July, modest wage growth and ongoing “overseas economic turbulence,” said Freddie Mac Chief Economist Sean Becketti. Read the full Freddie Mac news release for more.

In other headlines:

Area home sales at 12-year high in July – State Journal-Register

Yun Joins Forbes as Regular Contributor – NAR Daily Real Estate News

RealtyTrac: Loan applications up 23% in 2Q from 2Q14 – HousingWire

 

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