Weekly Mortgage Interest Rate Report July 23, 2015

Weekly Mortgage Interest Rate Report July 23, 2015

Week ending on 07/23/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.21% 0.6 N/A  5/1-Year Adjustable Rate 2.97% 0.5 2.74  1 Year Adjustable Rate 2.54% 0.3 2.74  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 “U.S. Treasury yields dropped following announcements that many blue chip companies' earnings failed to meet expectations. This drove the 30-year fixed rate mortgage down 5 basis points this week. Housing continues to be the bright spot in the economic recovery. Existing home sales beat market expectations coming in at a seasonally adjusted annual rate of 5.49 million homes. This is up 9.6 percent from a year ago and the fastest pace since 2007.” – 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.