US Fixed-Rate Mortgages Little Changed in the Week Ending July 25th
Original Source:
Mortgage Rates Show Little Movement
Mortgage Rates Show Little Movement
Freddie Mac has released its Primary Mortgage Market Survey® for the week ending Thursday, July 25th.
The 30-year fixed-rate mortgage averaged 6.78%, up from last week when it averaged 6.77%. A year ago at this time, the 30-year rate averaged 6.81%.
The 15-year fixed-rate mortgage averaged 6.07%, up from last week when it averaged 6.07%. A year ago at this time, the 15-year rate averaged 6.11%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year. Despite these lower rates, buyers continue to pause, as reflected in tumbling new and existing home sales data.”
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