Thursday, July 21, 2011

Mortgage rates relatively unchanged: Freddie Mac

I've decided to post this, since think we will be on a wild ride next week with the debt ceiling talks.
Mortgage rates were virtually unchanged from the previous week following mixed economic and housing data. The 30-year, fixed-rate averaged 4.52% and the 15-year fixed-rate mortgage averaged 3.66% for the week ending July 21.
That's up ever so slightly from last week when the 30-year rate averaged 4.51% and the 15-year rate was 3.65%, according to Freddie Mac. Last year at this time, the 30-year FRM averaged 4.56% and the 15-year rate was 4.03%.
The five-year, Treasury-indexed hybrid adjustable-rate mortgage averaged 3.27%, down from 3.29% last week and 3.79% a year ago.
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