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Freddie Mac's weekly updated Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaging 4.51 percent (0.7 point) for the week ending August 29, down from 4.58 percent the prior week. A year ago at this time, the 30-year FRM averaged 3.59 percent. The 15-year FRM this week averaged 3.54 percent (0.7 point), down from 3.60 percent previously.

Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 4.40 percent (0.7 point) for the week ending August 15, flat from last week. Last year at this time, the 30-year FRM averaged 3.62 percent. The 15-year FRM this week averaged 3.44 percent (0.6 point), up very slightly from 3.43 percent in the last survey. Bankrate.com also reported slight movements in average fixed rates.

It was a mixed week for mortgage rate reports following the release of July's employment numbers, which showed job growth coming in below the market consensus forecast. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 4.40 percent (0.7 point) for the week ending August 8, up from 4.39 percent last week. The 15-year FRM averaged 3.43 percent (0.7 point), unchanged from the previous survey.

According to a report from Bankrate.com, the average closing cost across the United States rose 6 percent over the year to $2,402. Origination fees increased 8 percent to $1,730--accounting for the bulk of the increase in closing costs--while third-party fees rose 1 percent to $672. In terms of highest average closing costs, Hawaii took the top spot with an average of $2,919. It was joined in the top five by Alaska ($2,675), South Carolina ($2,658), California ($2,639), and New Mexico ($2,566).

Fixed mortgage rates increased this week following the Federal Open Market Committee's affirmation that it intends to stay the course on its bond purchasing policy. According to Freddie Mac's survey, the 30-year fixed-rate mortgage (FRM) averaged 4.39 percent (0.7 point) for the week ending August 1, up from 4.31 percent last week. Last year at this time, the 30-year fixed averaged 3.55 percent. Bankrate.com's weekly national survey also showed interest rates climbing slightly. The 30-year fixed average rose to 4.59 percent this week.

Mortgage rates backed down for the second consecutive week, according to reports from Freddie Mac and Bankrate.com. Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed-rate average at 4.31 percent (0.8 point) for the week ending July 25, down from last week's 4.37 percent. A year ago at this time, the 30-year fixed-rate mortgage (FRM) averaged 3.49 percent. The 15-year FRM this week averaged 3.39 percent (0.8 point), down from 3.41 percent last week.

According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed rate was 4.37 percent (0.7 point) for the week ending July 18, down from 4.51 percent last week. Last year at this time, the 30-year fixed-rate mortgage (FRM) averaged 3.53 percent. ""Fixed mortgage rates fell as Federal Reserve (Fed) Chairman Bernanke helped ease market concerns about the Fed reducing its bond purchases,"" said Freddie Mac chief economist Frank Nothaft, referencing remarks Bernanke made earlier in the month.

According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 4.51 percent (0.8 point) for the week ending July 11, up from 4.29 percent last week and almost a full percentage point higher than the same week last year (3.56 percent). The 15-year FRM averaged 3.53 percent (0.8 point), up from 3.39 percent previously. Meanwhile, Bankrate.com's weekly national survey saw mortgage rates rising to their highest level in the last two years. The 30-year fixed averaged 4.66 percent this week.

Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 4.29 percent (0.7 point) for the week ending July 3, down from last week's two-year high of 4.46 percent. The 15-year FRM averaged 3.39 percent (0.7 percent), down from 3.50 percent the previous week. Bankrate's weekly national survey showed similar trends, with the 30-year fixed falling to 4.48 percent.

If an emergency situation were to occur, more than a quarter of Americans said they have no extra savings to cover expenses, according to a recent Bankrate survey conducted by Princeton Survey Research Associates International. In the survey, 27 percent of Americans reported having no emergency savings in their checking, savings, or money market accounts, while 23 percent held less than three months of savings to cover expenses, which means half have less than three months of funds to cover expenses.