Freddie Mac announced Thursday that after more than three months of record-low drops, mortgage rates slid up this week.
Freddie Mac’s Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage (FRM) averaged 3.55 percent (0.7 point) for the week ending August 2, up from 3.49 percent the previous week. Before this week, the average 30-year FRM had fallen to or matched record-low levels for 13 of the past 14 weeks.
The 15-year FRM also slid up, averaging 2.83 percent (0.6 point) from 2.80 percent last week.
In addition, the 5-year adjustable-rate mortgage (ARM) averaged 2.75 percent (0.6 point), a slight increase from the last survey’s finding of 2.74 percent. On the other hand, the 1-year ARM fell a bit, averaging 2.70 (0.4 point) from 2.71 percent a week ago. read more
Freddie Mac’s Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage (FRM) averaged 3.55 percent (0.7 point) for the week ending August 2, up from 3.49 percent the previous week. Before this week, the average 30-year FRM had fallen to or matched record-low levels for 13 of the past 14 weeks.The 15-year FRM also slid up, averaging 2.83 percent (0.6 point) from 2.80 percent last week.
In addition, the 5-year adjustable-rate mortgage (ARM) averaged 2.75 percent (0.6 point), a slight increase from the last survey’s finding of 2.74 percent. On the other hand, the 1-year ARM fell a bit, averaging 2.70 (0.4 point) from 2.71 percent a week ago. read more
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