The average contract interest rate for 30-year fixed-rate mortgages increased to 6.59 percent from 6.22 percent ...Note: this data is for the week ending July 18. Based on the WSJ and NYTimes reports last night, rates for 30 year fixed mortgages have increased more over the last few days.
The average contract interest rate for one-year ARMs remained unchanged at 7.16 percent ...
Also note that purchase loan applications were off sharply.