Mortgage Market Survey: July 16, 2015

Having crossed the 4 percent mark for the first time since the fourth quarter of 2014 last month, the average rate for a 30-year fixed mortgage has ticked up to 4.09 percent, the highest rate this year and within 4 basis points of the 4.13 percent average rate recorded at the same time last year according to Freddie Mac’s latest Primary Mortgage Market Survey.

The 30-year rate, which hit an all-time low of 3.31 percent in November 2012, and a three-year high of 4.58 percent in August 2013, has averaged roughly 6.7 percent over the past twenty years.

30-Year Mortgage Rate History

3 thoughts on “30-Year Mortgage Rate Ticks Up To Highest Level In 2015”
  1. They should cool off the market and push rates higher. Give people a taste of reality. I’d love to see 5% and have the markets remain stable. It would be a good long term economic signal. Also, high rates spurs a lot of refi activity when the market drops. It’s all a very complex game at this point.

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