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Freddie Mac (OTCQB: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling back near their lows for 2014.
"Fixed mortgage rates were down on a week filled with bleak forward projections from the Federal Reserve and concern over growth in Europe," says Frank Nothaft, vice president and chief economist, Freddie Mac. "Despite gloomy vernacular from the Fed, mortgage purchase applications were up 2 percent on the week and the labor market added 248,000 jobs, beating expectations and lowering headline unemployment to 5.9 percent."
Fixed mortgage rates average as follows:
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