U.S. Mortgage Rates Edge Down in Late July
2015-08-03"Recent housing data exhibited the same good news/bad news pattern as overseas developments. Coming into this week, existing home sales for June and the latest FHFA house price measures both suggested a stronger tone in the housing market.
However this week brought nothing but bad -- or at least weaker-than-expected -- news. New homes sales and pending home sales both weakened and the Case-Shiller house price indices, while positive, fell below the lower end of expectations. Finally, the inadvertent release of Fed staff projections increased uncertainty over the timing of future Fed rate moves."
Freddie Mac News Facts
• 30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.6 point for the week ending July 30, 2015, down from last week when it averaged 4.04 percent. A year ago at this time, the 30-year FRM averaged 4.12 percent.
• 15-year FRM this week averaged 3.17 percent with an average 0.6 point, down from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.23 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.95 percent this week with an average 0.4 point, down from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.01 percent.
Source :http://www.worldpropertyjournal.com/real-estate-news/united-states/freddie-mac-primary-mortgage-market-survey-fixed-mortgage-rates-july-2015-best-mortgage-rates-9261.php
- *E-mail:
- *Cel:
- *Password: