Mortgage Rates Move Up in U.S., Again

Based on Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates increased marginally in the first week of September 2018 over the past week. Sam Khater, Freddie Mac's chief economist, says the 30-year fixed-rate mortgage inched higher for the second straight week. "Borrowing costs may be slowly on the rise again in coming weeks, as investors remain optimistic about the underlying strength of the economy," he said. "It's important to note that rates are now up three-quarters of a percentage point from last year and home prices - albeit at a slower pace - are still outrunning rising inflation and incomes."