July Mortgage Rates
Mortgage interest rates remain the same as compared to last month. Of course, rates did push a bit higher in June, but there hasn’t been another increase…yet. Some reports indicate that rates may be leveling off for a time, and according to Mortgage News Daily COO, Matthew Graham:
Mortgage interest rates remaining at low rates like these is a good thing.
Mortgage Rates as of 7/28/15
Mortgage Type | July 2015 | June 2015 |
30-Year Fixed | 3.937% APR | 3.937% APR |
15-Year Fixed | 3.203% APR | 3.203% APR |
30-Year FHA | 4.324% APR | 4.324% APR |
5/1-Year ARM | 3.020% APR | 2.849% APR |
30-Year Fixed Jumbo | 3.674% APR | 3.551% APR |
Source: totalmortgage.com
I will continue to keep and eye on mortgage rates and report my findings on the website. For now, rates appear to be semi-stable at a respectable 4% for a 30-year fixed mortgage.
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