Rates Move Up Again - Freddie Mac Weekly Rate Averages
According to Freddie Mac Primary Mortgage Market Survey, rate are up again after a slight dip last week during the July 4th holiday.
The average rate for a 30 Year Fixed mortgage went up 0.1% to 6.73% while a 15 year fixed mortgage averages 6.39%, an 0.09% increase.
The 1 Year ARM average interest remained the same at 5.71% while the 5/1 Year ARM increased to 6.35% from 6.29%.
Source:http://www.freddiemac.com/dlink/html/PMMS/display/PMMSOutputYr.jsp?year=2007
mortgage101 on July 13th 2007 in Interest Rates