Weekly Mortgage Interest Rate Report June 25, 2015

Weekly Mortgage Interest Rate Report June 25, 2015

Week ending on 06/25/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.02% 0.7 N/A  15 Year Fixed Rate 3.21% 0.6 N/A  5/1-Year Adjustable Rate 2.98% 0.4 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74  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 “Mortgage rates were little changed this week. Economic releases confirmed increasing strength in housing. Existing home sales increased 5.1 percent in May to an annual pace of 5.35 million units and new home sales increased 2.2 percent to an annual pace of 546,000 units. Buyers appear anxious to purchase homes before the expected increase in interest rates later this year. Given the tight inventory of homes for sale, a 5.1-month supply at the current sales pace, home prices are being bid up.” – Sean Becketti, 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.