Weekly Mortgage Interest Rate Report August 13, 2015

Weekly Mortgage Interest Rate Report August 13, 2015

Week ending on 08/13/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.94% 0.6 N/A  15 Year Fixed Rate 3.17% 0.6 N/A  5/1-Year Adjustable Rate 2.93% 0.5 2.74  1 Year Adjustable Rate 2.62% 0.3 2.74  Week ending on 08/06/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.91% 0.6 N/A  15 Year Fixed Rate 3.13% 0.6 N/A  5/1-Year Adjustable Rate 2.95% 0.4 2.74  1 Year Adjustable Rate 2.54% 0.3 2.74 “The jobs report for July showed that the economy added 215,000 jobs, in line with expectations. Wage growth remains modest at 2.1 percent compared to the same time last year, and another solid if not stellar employment report leaves a potential Fed rate hike on the table for September. Headed into the fall, we'll likely see continued interest rate tension, with dollar appreciation weighing against possible Fed rate hikes leaving the rate outlook clouded.” – 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 1026.2. 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.