Weekly Mortgage Interest Rate Report — Week Ending April 23, 2015

Weekly Mortgage Interest Rate Report

Week Ending April 16, 2015

Data Provided by Freddie Mac's Primary Mortgage Market Survey®

Week ending on 04/23/15 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.65% 0.6 N/A  15 Year Fixed Rate 2.92% 0.6 N/A  5/1-Year Adjustable Rate 2.84% 0.4 2.74  1 Year Adjustable Rate 2.44% 0.4 2.74

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. Weekly Commentary by Len Kiefer, deputy chief economist, Freddie Mac "Mortgage rates fell slightly to 3.65 percent this week, positive news for potential homebuyers in the market this spring. Purchase applications in 60 of the 100 markets that MiMi tracks are up from the same time last year, including 20 markets that are showing double-digit increases. Reinforcing this positive momentum, existing home sales surged 6.1 percent to a seasonally adjusted annual rate of 5.19 million units in March, the highest annual rate since September 2013. Housing inventory rose 5.3 percent to 2 million homes for sale, but unsold inventory was little changed at a 4.6 month supply."