Weekly Mortgage Interest Rate Report July 30, 2015

Weekly Mortgage Interest Rate Report July 30, 2015

Week ending on 07/30/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.98% 0.6 N/A  15 Year Fixed Rate 3.17% 0.6 N/A  5/1-Year Adjustable Rate 2.95% 0.4 2.74  1 Year Adjustable Rate 2.52% 0.3 2.74  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 “Monday's 8 percent decline in Chinese stock prices triggered similar -- though smaller -- sell-offs in global equity markets. The associated flight to quality drove U.S. Treasury yields down nearly 5 basis points. Accordingly, 30-year fixed-rate mortgages fell 6 basis points to 3.98 percent. The mortgage rate has bounced between 3.98 and 4.09 percent since the first full week of June, falling a bit when events overseas take a turn for the worse and rising when the clouds appear ready to part. With no clear direction coming from the Fed this afternoon, we expect more of the same in coming weeks.” – 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.