Monday, August 01, 2011

Mortgage Interest Rates Tick Up

Rates Tick Up

     In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 4.55% for the week ending July 28, 2011.
That is up from the previous week when it averaged 4.52%. Last year at this time, the 30-year fixed-rate mortgage averaged 4.54%.
Macroeconomic data released this week were a mixed bag. On the positive side, the index of leading indicators in June rose for the 2nd consecutive month. Partly offsetting this, orders for durable goods were weaker than market expectations for the same month.

Mortgage Rates
U.S. averages as of July 28, 2011:
30 yr. fixed:   4.55%
 15 yr. fixed:   3.66%
 1 yr. adj:        2.95%

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