Skip to main content

Mortgage Rates Inch Up

Phil Hall
Jul 03, 2019
Photo credit: Getty Images/Andrii Yalanskyi

Mortgage rates were up, albeit by small percentages, according to new data from Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 3.75 percent for the week ending July 3, up from last week when it averaged 3.73 percent. The 15-year FRM averaged 3.18 percent, up from last week when it averaged 3.16 percent. And the five-year Treasury-indexed hybrid adjustable-rate (ARM) averaged 3.45 percent, up from last week when it averaged 3.39 percent.
 
“We’re seeing a tug of war happen as the fixed income market flashes warning signs while the equities market continues to march higher with optimism,” said Freddie Mac Chief Economist Sam Khater. “The data suggests the economy is weakening but is still on very solid ground with high consumer confidence and a strong labor market. Closer to home, the housing market continues to slowly improve and gain momentum as we head into the second half of the year, which is good news and should keep the economy growing.”
Mortgage rates were up, albeit by small percentages, according to new data from Freddie Mac

 
Published
Jul 03, 2019
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023
Judge Grants UWM Partial Win In Ultimatum Lawsuit

AML’s declaration that the ultimatum violated antitrust law survived.

Industry News
Jan 04, 2023
A&D Mortgage Launches Temporary Rate Buydowns

Offering 3-2-1 and 2-1 buydown options.

Industry News
Jan 04, 2023
Zillow: 2M Homes No Longer Require A Jumbo Loan

This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million.

Industry News
Jan 04, 2023