Weekly Mortgage Interest Rate Report July 16, 2015

Weekly Mortgage Interest Rate Report July 16, 2015

Week ending on 07/16/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.09% 0.6 N/A  15 Year Fixed Rate 3.25% 0.6 N/A  5/1-Year Adjustable Rate 2.96% 0.5 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74  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 “The crisis in Greece continues to generate volatility in U.S. Treasury yields. The tentative agreement hammered out last weekend gave investors the confidence to pull back a bit from Treasuries. Rates rose about 16 basis points on the 10-year Treasury from last week. As a result, the average rate on a 30-year fixed-rate mortgage rose 5 basis points this week to 4.09 percent, the highest level since October of last year.” – 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.