Weekly Mortgage Watch – July 16 2015

Weekly Mortgage Watch - July 16 2015

  • 30-Year fixed mortgage rate has increased to 4.09% compared to the  previous week at 4.04%. The 30 year rock bottom rate in last 10 years was 3.56%
  • 15 Year Mortgage Rate rose to 3.25% this week compared to 3.20% last week. The 15 year rock bottom rate touched in the last 10 years  is 2.86%
  • 5/1 Adjustable Rate Mortgage Rate rose to 2.96% compared to 2.93% last week. The 5 year rock bottom Rate touched in the last 10 years was 2.74%
  • The average fixed mortgage rate moved higher amid positive housing data news pushing fixed mortgage rates to their highest level of the year

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