Mortgage Rates Go Up Slightly

Young Circle in downtown Hollywood, FL
Young Circle in downtown Hollywood, FL

Freddie Mac Release another Primary Mortgage Market Survey yesterday, Juy 26th, 2018. It shows U.S. weekly mortgage averages as of the date 7/26/2018.

FreddieMac_ Primary Mortgage Market Survey as of 7_26_2018

And here is the detail information about the changes in mortgages averages for the week of July 26th, 2018 in comparing with the previous week and also the averages a year back to date:

FreddieMac- US Weekly Mortgage Averages as of 7_26_2018
Freddie Mac- US Weekly Mortgage Averages as of July 26th, 2018

 

This week’s, July 26th, 2018, survey shows, that 30-year fixed rate mortage went up by 2 points since the last week’s survey.  30-year fixed rate mortgage is 4.54 percent now.

The 30-year fixed rate mortgage increased by 62 points in a year. For the week of July 27th, 2017, when rate average was 3.92%.

The 15-year fixed-rate mortgage went up by 2 points in one week. It is at 4.02 percent now, when last week was 4 percent.

The 15-year fixed rate mortgage for the year increased by 82 points. It was 3.2 percent on July 27th, 2017.

 

If you have any real estate questions, please do not hesitate to contact me.