Weekly Mortgage Interest Rate Report July 9, 2015

Weekly Mortgage Interest Rate Report July 9, 2015

Week ending on 07/09/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.20% 0.5 N/A  5/1-Year Adjustable Rate 2.93% 0.4 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74  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 “Yields on Treasury securities declined this week in response to investor concerns about events in Greece and China. Mortgage rates fell as well, although not by as much as government bond yields. Overseas volatility is likely to persist for some time, providing some restraint on potential U.S. rate increases. In addition, the minutes of the June meeting of the Federal Open Market Committee suggest the Federal Reserve will proceed cautiously -- monitoring events both overseas and in the U.S. to ascertain the appropriate moment to begin raising short-term interest rates.” – 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.