Weekly Mortgage Interest Rate Report — Week Ending May 14, 2015

Weekly Mortgage Interest Rate Report

Week Ending May 14, 2015

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

Week ending on 05/14/15 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.85% 0.6 N/A  15 Year Fixed Rate 3.07% 0.5 N/A  5/1-Year Adjustable Rate 2.89% 0.5 2.74  1 Year Adjustable Rate 2.48% 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 rose for the third consecutive week as 10-year Treasury yields continued to climb. The labor market continues to improve with U.S. economy adding 223,000 jobs in April, a solid rebound from merely 85,000 job gains in March. Also, the unemployment rate dipped to 5.4 percent in April as the participation rate ticked up to 62.8 percent and jobless claims were far less than expected."