Weekly Mortgage Interest Rate Report — Week Ending May 7, 2015

Weekly Mortgage Interest Rate Report

Week Ending May 7, 2015

Week ending on 05/07/15 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.80% 0.6 N/A  15 Year Fixed Rate 3.02% 0.6 N/A  5/1-Year Adjustable Rate 2.90% 0.4 2.73  1 Year Adjustable Rate 2.46% 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 this week to the highest level since the week of March 12 as a selloff in German bunds helped drive U.S. Treasury yields above 2.2 percent. The U.S. trade deficit reached $51.4 billion in March to the highest level since 2008. Also, the Institute for Supply Management's manufacturing index was unchanged in April, but manufacturing employment contracted as the index fell below 50 for the first time since May 2013."