Interest rates increase slightly this week

By Dennis Norman, on July 24th, 2009

Dennis Norman

According to Freddie Macs weekly mortgage market survey mortgage rates increased slightly this week from the prior week. The survey shows 30 year fixed rate mortgages averaging 5.20% with 0.7% in fees and points, up from 5.14% the week before. Last year at this time, the 30 year rate averaged 6.63%.

Rates on 15 year fixed-rate mortgages increased slightly as well, up to 4.68% from 4.63% the week before, 5/1 ARM’s held about the same at 4.74% and 1 year ARM’s as well as 4.76%. This time last year these arms were 6.18% and 5.49% respectively.

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2. Mortgage information and advice from a St. Louis Mortgage Banker – Final post of the series
3. Feds pulling support of mortgage market- will interest rates increase?
4. Fannie Mae Tightens Rules; St. Louis Mortgage Watch
5. Mortgage Tips From a Pro; St. Louis Mortgage Watch

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