Fixed Mortgage Rates Increase for First Time in Four Weeks

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Average fixed mortgage rates reversed course, nudging higher for the first time in four weeks, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). "The jobs report for July showed that the economy added 215,000 jobs, in line with expectations,” says Sean Becketti, chief economist, Freddie Mac. “Wage growth remains modest at 2.1 percent compared to the same time last year, and another solid if not stellar employment report leaves a potential Fed …