November 22, 2024 1:13 pm
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Mortgage rates hit year high on rollercoaster ride

rollercoaster1By Brena Swanson | HousingWire

Mortgage rates continued to fluctuate and moved to their highest level this year amid volatility in the bond markets, Freddie Mac’s most recent Primary Mortgage Market Survey said,

The 30-year fixed-rate mortgage averaged 4.09% for the week ending July 16, 2015, up from last week when it averaged 4.04%. A year ago at this time, the 30-year FRM averaged 4.13%.

The 15-year FRM also increased and grew to 3.25%, up from last week when it averaged 3.20%. In 2014, the 15-year FRM averaged 3.23%.

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