by Bill McBride on 7/09/2015 01:59:00 PM
Thursday, July 09, 2015
From Freddie Mac today: Global Uncertainty Pushes U.S. Mortgage Rates Lower
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing an investor flight to safety for U.S. Treasuries is pushing average fixed mortgage rates lower and helping to keep buyer activity strong toward the close of the spring homebuying season. ...Click on graph for larger image.
30-year fixed-rate mortgage (FRM) averaged 4.04 percent with an average 0.6 point for the week ending July 9, 2015, down from last week when it averaged 4.08 percent. A year ago at this time, the 30-year FRM averaged 4.15 percent.
15-year FRM this week averaged 3.20 percent with an average 0.5 point, down from last week when it averaged 3.24 percent. A year ago at this time, the 15-year FRM averaged 3.24 percent.
This graph shows the 30 year and 15 year fixed rate mortgage interest rates from the Freddie Mac Primary Mortgage Market Survey®.
30 year mortgage rates are up from the all time low of 3.35% in late 2012, but down from 4.15% a year ago.
The Freddie Mac survey started in 1971. Mortgage rates were below 5% back in the 1950s.
Posted by Bill McBride on 7/09/2015 01:59:00 PM