Weekly Mortgage Interest Rate Report June 18, 2015

Weekly Mortgage Interest Rate Report June 18, 2015

Week ending on 06/18/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.00% 0.7 N/A  15 Year Fixed Rate 3.23% 0.5 N/A  5/1-Year Adjustable Rate 3.00% 0.4 2.74  1 Year Adjustable Rate 2.53% 0.2 2.74  Week ending on 06/11/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.25% 0.6 N/A  5/1-Year Adjustable Rate 3.01% 0.4 2.74  1 Year Adjustable Rate 2.53% 0.2 2.74 “Mortgage rates were down this week while housing data were generally positive. Although housing starts dropped 11.1 percent to a seasonally adjusted pace of 1.04 million units in May, housing permits surged 11.8 percent to its highest level since August 2007. Reinforcing this positive momentum, the NAHB housing market index rose 5 points in June, suggesting home builders are very optimistic about home sales in the near future.” – Len Kiefer, deputy chief economist, Freddie Mac

Data is provided by Freddie Mac's Primary Mortgage Market Survey® (PMMS)

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data 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.