Weekly Mortgage Interest Rate Report July 2, 2015

Weekly Mortgage Interest Rate Report July 2, 2015

Week ending on 07/02/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.08% 0.6 N/A  15 Year Fixed Rate 3.24% 0.6 N/A  5/1-Year Adjustable Rate 2.99% 0.4 2.73  1 Year Adjustable Rate 2.52% 0.3 2.74  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 “Overseas events are generating significant day-to-day volatility in interest rates. Nonetheless, the week-to-week impact on most rates was modest -- the 30-year mortgage rate increased just 6 bps, to 4.08 percent. The MBA composite index of mortgage applications fell 4.7 percent in response to what is now three consecutive weeks of mortgage rates over 4 percent. Other measures, however, confirmed continued strength in housing -- pending home sales rose 0.9 percent, exceeding expectations, and the Case-Shiller house price index recorded another solid increase.” – 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.