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MCLEAN, Va., Freddie Mac ( FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent.
“Mortgage rates rose again this week as lenders increased prices to help manage skyrocketing refinance demand. This is expected to be a short-term phenomenon as lenders work through their backlog,” said Sam Khater, Freddie Mac’s Chief Economist. “On the purchase front, daily loan purchase applications were rising …

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