Market Update

Market Update

Friday, May 1, 2015

Weekly Mortgage Interest Rate Report — Week Ending April 30, 2015

Weekly Mortgage Interest Rate Report — 
Week Ending April 30, 2015

Data Provided by Freddie Mac's Primary Mortgage Market Survey®
 Week ending on 04/30/15Interest RateFees & PointsMargin
 30 Year Fixed Rate3.68%0.6N/A
 15 Year Fixed Rate2.94%0.6N/A
 5/1-Year Adjustable Rate2.85%0.52.73
 1 Year Adjustable Rate2.49%0.42.74

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 were up slightly following a week of mixed economic releases. Real GDP grew at a paltry 0.2 percent annualized rate in the first quarter of 2015, well below expectations. However, the National Association of Realtors' pending home sales index rose 1.1 percent in March for the third consecutive month. The S&P/Case-Shiller National House Price Index also rose 5.0 percent in February on a yearly basis."

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