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Mortgage Rates in U.S. at 2015 Highs This Week

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2015-07-21
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), fixed mortgage rates reversed course and moved to their highest level this year amid ongoing volatility in bond markets.
Sean Becketti, chief economist of Freddie Mac said, "The crisis in Greece continues to generate volatility in U.S. Treasury yields. The tentative agreement hammered out last weekend gave investors the confidence to pull back a bit from Treasuries. Rates rose about 16 basis points on the 10-year Treasury from last week. As a result, the average rate on a 30-year fixed-rate mortgage rose 5 basis points this week to 4.09 percent, the highest level since October of last year."

Freddie Mac News Facts
• 30-year fixed-rate mortgage (FRM) averaged 4.09 percent with an average 0.6 point for the week ending July 16, 2015, up from last week when it averaged 4.04 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.
• 15-year FRM this week averaged 3.25 percent with an average 0.6 point, up from last week when it averaged 3.20 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 2.96 percent this week with an average 0.5 point, up from last week when it averaged 2.93 percent. A year ago, the 5-year ARM averaged 2.97 percent.
• 1-year Treasury-indexed ARM averaged 2.50 percent this week with an average 0.3 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.39 percent.


Source:http://www.worldpropertyjournal.com/real-estate-news/united-states/current-mortgage-rates-freddie-mac-primary-mortgage-market-survey-pmms-fixed-mortgage-rates-sean-becketti-9231.php